Fundamentals for the Day
6.00 pm Prelim GDP q/q
Unemployment Claims
Prelim GDP Price Index q/q
Goods Trade Balance
7.30 pm Pending Home sales m/m
8.00 pm Natural Gas Storage
Gold
- Gold target of 70350 from 72250 is still open as it is.
- It just trading side ways only where it do not press much more than bounce again.
- Gold move as per our expectation only sell activate 2 time from 72250 & turn back downside only.
Range: 72250 - 71150
Our Preference: Sell Gold 72250 target 71500 & 71150 with SL 72400+ only if sustain
Alternative Scenario: Buy Gold 72470+ for target 72950 with SL 150 point
Trading Zone
72958 Last sell for the Week
72000 Sell start for the Day
71500 Buy @ 1st stroke
71150 Buy for the Session
Maintain SL of 100 point for above trading Zone
Silver
- As per COMEX Spot silver 30.12 is the strong sell followed by MCX Silver so match it & smash it for good profit
- Silver move as per our previous report only move back from 86170 where we mention sell @ 86114 for target 83550 where made a low of 83670
Range: 83500 - 86114
Our Preference: Sell Silver 85450 target 83550 with SL 300 point
Alternative Scenario: Sell Silver 86114 for target 83550 with SL 500 point
Trading Zone
Sell Silver @ 84910 with SL 200 point for target 900 point
Buy Silver @ 83550 target 900 point with SL 83150