Fundamentals for the Day
5.30 pm GBP Official Bank Rate
BOE Monetary Policy Report
6.00 pm Challenger Job Cuts
7.00 pm Unemployment Claims
Prelim Nonfarm Productivity q/q
Prelim Unit Labor Costs q/q
9.00 pm Natural Gas Storage
9.45 pm German Buba President Nagel Speaks
1.00 am FOMC Member Waller Speaks
2.00 am FOMC Member Daly Speaks
2.35 am BOE Gov Bailey Speaks
3.40 am FOMC Member Logan Speaks
Tomorrow it's Friday - Non Farm Employment Day
We expect Non Farm will be higher than expected which will make a downside for Gold Silver.
Gold
Range: 83895 - 86000
Our Preference: Buy Silver 83900+ target 85900 with SL 83750
Alternative Scenario: 86000 target 84000 with SL 86200
Breakout Sell 83750 from target 83200 with SL 150 point
Buy Gold again @ 83200 with SL 83030 for target 83200
- Above trades are all in sequence so do not get confuse & if u trade according to above then do all trade else do not trade.
Silver
Range: 96300 - 92700
Our Preference: Sell Silver 96000 for target 93300 with SL 96500+ only if sustain
Alternative Scenario: Buy Silver 93250 for target 94500 with SL 92700