Fundamentals for the Day
4.32 pm GBP Official Bank Rate & Monetary
6.00 pm Unemployment Claims
Prelim Non Farm Productivity q/q
prelim Unit Labor Costs q/q
7.30 pm Final Wholesale Inventories m/m
8.00 pm Natural Gas Storage
10.31 pm 30 Year Bond Auction
- Trump will make a Big announcement today @ 7.30 pm Indian Time
- The announcement will focus on a "major trade deal with representatives of a big, and highly respected, country," as stated by President Trump on Truth Social.
- While the specific country has not been officially confirmed, reports suggest it is likely the United Kingdom
- If this announcement is apart from China then its only Buy side for Gold
- If this announcement is for or with China then its Sell side for Gold
Gold
Range: 97500 - 94780
Our Preference: Sell Gold 97200+ with back up 97550 for target 96300 with SL 97600+ only if sustain
- Gold sell from 97200 - to 97500 for target 95000 with SL 97600+ only (for overnight position)
Trading Zone
97600+ = 3418$+ Spot Gold will go with Buy stop for target 3470$
3362$ = Buy Gold spot for a momentum with SL 3355$
3354$ Stop sell for target 3320$ = 94780
- Gold is expecting till 3320$ around
Silver
Range: 97000 - 92553
Our Preference: Sell Silver @ 96500 for target 95000 with SL 97000
- Silver is getting into the range from 97000 to 92553.