Fundamentals for the Day
6.00 pm Average Hourly Earnings m/m
Non Farm Employment Change
Unemployment Rate
6.45 pm FOMC Member Barkin Speaks
9.45 pm FOMC Member Bowman Speaks
Yesterday,
COMEX Future Gold has taken a resistance @ 2325.30 where we mention @ 2322$ & come down 2286$.
Now Gold Breakout Buy is the same as yesterday 2330$+ Buy for target 2420$ around with risk apply of 10$
- Today Evening Non Farm data will be a game changer we expect last day of upside in Gold or maximum Monday till 12 pm after that ther should only sell position is applicable
- If any changes are there we will update in report or you can raise your question on What's app +91 7046379799
Gold
Range: 70150 - 68500
Our Preference: Buy Gold 68268+ target 70000 & 72000 with SL 68100
Alternative Scenario: Buy Gold 68700+ for target 70000 & 72000 with SL 68500 below only if sustain
Trading Zone
- Sell Gold 70075 target 69500 with SL 100 point
- Breakout Buy 70200+ target 72000 with SL 200 point
Silver
- Silver COMEX Spot price has a buy support @ 26.43$ for target 27.90$ same applicable to MCX Silver
Our Preference: Buy Silver 78500 with back up buy 78250 target 80000 & 82000 with SL 78000
Alternative Scenario: Sell Silver 78000 target 76500 with SL 300 point
Trading Zone
79950 Sell @ 1st stroke SL 200 point
80200 Buy stop @ 1st stroke with SL 200 point
Range: