Fundamentals for the Day
6.00 pm Employment Cost Index q/q
7.15 pm Chicago PMI
7.30 PM CB Consumer Confidence
Gold
Trend: Down Side
Range: 71350 - 70200
Our Preference: Sell Gold 71200 with back up sell 71340 SL 71400 for target 70750 & 70200
Alternative Scenario: Buy Gold 70300 with SL 70100 for target 70850
Trading Zone
70750 Buy with SL 100 point
70100 Stop Sell with SL 100 point for target 69750
Silver
Trend: Downside
Range: 80770 - 78313
Our Preference: Sell Silver 80700 for target 78313 with SL 81100
Trading Zone
79300 with SL 150 point