Fundamentals for the Day
6.00 pm Average Hourly Earnings m/m
Non Farm Employment Change
Unemployment Rate
7.15 pm Final Wholesale Inventories
9.30 pm FOMC Member Cook Speaks
- We expect Non Farm would above 210K to 225k in between which means Gold Silver could make a drastic downside fall in time
Gold
Range: 73500 - 72300
Our Preference: Sell Gold @ 2406$ Comex Future = 73450 for target 72175 around with the SL 73650+ if sustain
Alternative Scenario: Buy Gold 72175 with SL 72850 with SL 72000
Silver
Range:
Our Preference: Silver Sell @ 94250 around with SL 94800 for target 92000 & 90300