Fundamentals for the Day
7.00 pm Unemployment Claims
Revised Non Farm Productivity q/q
Revised Unit Labor Cost
Trade Balance
7.15 pm ECB Press Conference
8.30 pm Fed Chair Powell Testifies
9.00 pm Natural Gas Storages
10.00 pm FOMC Member Mester Speaks
Gold
Range: 66200 - 64870
Our Preference: Sell GOLD 65700 target 65025 with SL 65850+
Positional Sell Gold 65700 Add on 65900 target 64250 with SL 66200+ only if sustain
- Below 66200 market will not be able to move up side.
- Any upside breakout above 66500+ will open the gate of 72000.
Silver
Range: 74500 - 72500
Our Preference: Buy Silver 73550+ target 75000 with SL 73250
Alternative Scenario: Sell Silver 73150 below target 72250 with SL 73500