Fundamentals for the Day
5.45 pm ADP Non Farm Employment Change7.30 pm Factory Orders m/m
8.00 pm Crude Oil Inventories
- Today Trump Will announce on Tariff @ 12.30 AM all the countries @ the same time, after Closing of Indian Market
- From the White House someone said a Draft of 20% Tariff is getting ready.... If this news is true in that scenario - Gold will move downside only may be after a 1 jump
- More latest update about the Gold position - our opinion will be release after Europe closing today - ON our Broadcast
Type Live Update - send to +91 7046379799 - For today 3100$ spot price is a good support to Buy for upside 3148$ again - so today's strategy is buy on dip
- At night we may prefer to continue sell position based on today's whole day movement
- As in Indian market will open tomorrow with heavy gap up or gap down only.
- So think twice while making Carry forward position tonight.
Yesterday
- Gold made a Low of 90400 from High 91400 started moving downside exactly @ 9 PM when London Closing has been started.
- Yesterday Morning also Gold slip @ 11.15 AM to 11.30 AM downside - which is Europe Opening time
- Which Indicates European Syndicate or Trader has started its profit booking in opening & closing hour
- China has Buy Gold everyday since last couple of Days & still do not sell their Position
- Gold has taken a DIP from High 3149$ in spot by make a Low of 3100$ which we have already given a Buy in COMEX Bullion report also since last 2 days, MCX Made a low of 90400 where er mention Buy @ 90350 which has miss by 50 Rs thanks to INR which was 0.15Rs weak yesterday
Gold
Range: 90350 -91400
Our Preference: Buy Gold 90350+ target 91200 with SL 90150
Alternative Scenario: Sell Gold 91250 with SL 91450 target 90350
Breakout Zone
Breakout Sell - If cross the Buy 90150 SL then sell @ 90350 for target 89652 with SL 150 point
Breakout Buy - If cross the Sell above 91400+ then Buy 91200 for target 92000 with SL 150 point
Silver
- Yesterday Silver made a Low of 90055 where we gave a buy @ 99300 where in COME Buy given @ 34.33$ where low was 34.16$ in future.
Range: 99000 - 101900
Our Preference: Buy Silver 99100 target 101500 with SL 98750
Alternative Scenario: Sell Silver 99300 after break the SL for target 97500
Posted by Tradelinecapital
