Fundamentals for the Day
8.30 pm CB Consumer Confidence
Richmond manufacturing Index
FOMC Member Goolsbee Speaks
8.35 pm FOMC Member Waller Speaks
9.15 pm FOMC Member Bowman Speaks
9.30 pm ECB President Lagarde Speaks
11.35 pm FOMC Member Barr Speaks
- Its Expiry Week for both MCX & COMEX Gold & Silver simultaneously
- Gold has not cross 2020$ so we prefer only sell Gold around 2015$ -2017$ with SL only 2020$
- Buy stop apply above 2020$ + for target 2043$ as this call has mention in our COMEX Bullion Report
- Same as Silver has given Buy call above 24.30$+ which has made a high of 24.93$
- There is a disparity between Gold & Silver too.
Gold
Range: 61750 - 61000
Our Preference: Sell Gold 61650 target 61200 with SL 61800+
Alternative Scenario: Buy Gold 61850+ target 62400 with SL 61700 only
Trading Zone
61360 buy for momentum with SL 80 point
61030 Buy for the Session
Silver
Range: 75290 - 73200
Our Preference: Sell Silver 75150 target 73500 with SL 75600+
Alternative Scenario: Buy Silver 75600+ target 76700 with SL 75200
Trading Zone
74369 Buy with SL 150 point