Fundamentals for the Day
6.00 pm Final GDP q/q
Unemployment Claims
Final GDP Price Index q/q
7.15 pm Chicago PMI
7.30 pm Pending Home Sales m/m
Revised UoM Consumer Sentiment
Revised UoM Inflation Expectation
8.00 pm Natural Gas Storage
- Gold has cross 2nd time 66500 without the help of COMEX Gold & with the help of Currency USDINR.
- COMEX Gold Future shows resistance @ 2225$ where for Day trading prefer sell @ 2223$ risk apply only above 2230$+
- Above 2232+$ Gold buy for upside target 2259$
Gold
Range: 66700 - 65850
Our Preference: Sell Gold 66650 target 66150 & 65850 with SL 66831
Alternative Scenario: Buy Gold 66900+ with SL 150 point for target 67650
COMEX Gold resistance @ 2224$ sell point with risk apply only above 2232$+
Silver
Range: 75400 - 73800
Our Preference: Sell 75400 target 74000 with SL 75800
Alternative Scenario: Buy Silver 73800 target 74500 SL 73500