Fundamentals for the Day
6.45 pm ADP Non Farm Employment Change
8.15 pm Final Service PMI
8.30 pm ISM Service PMI
Factory Orders m/m
9.00 pm Crude Oil Inventories
- Tariff war is on which creates Panic & Confusion Gold will move upside only as well as Silver so Buy at market price in Gold for today
- There are so many statements are going on from Trump for Tariff vs retaliate tariff from Canada Mexico & China also
- So much noise is there to focus lets breath & watch the show then make some position but in this state its creates confusion plus panic which make upside for Gold Silver as of now
Gold
Range: 85650 - 86900
Momentum Call: Buy Gold @ 86000 target 86500 with SL 100 point
Our Preference: Buy Gold 86625 target 86800 with SL 86450
Alternative Scenario: Sell Gold 86890 with SL 87090 target 85900
Only for Positional Trader
Positional Call Sell Gold near 87000 to 87200 with SL 87425+ only if sustain hold for a month
Over here COMEX Gold future price should be near by 2975$ for a sell
Silver
Range: 96000 - 99500
Our Preference: Buy Silver 96600 for target 98290 with SL 96200
Alternative Scenario: Sell Silver 98500 with SL 98900 target 96900