Fundamentals for the Day
7.00 Trade Balance
10.30 pm FOMC Member Barr Speaks
Yesterday, Open Interest reduced at 4,92,312 with increasing Volume by 2,72,442 higher by 23,000 than previous one Pricing move down indicate Gold remain side ways down
Gold
Range: 62732 - 61950
Our Preference: Sell Gold 62500 target 61950 with SL 62600+
Alternative Scenario: Buy Gold 61925 target 62300 with L 61800
Trading Zone
62732 Sell for the Day
62500 Sell starts for the Day
62150 Buy for momentum
Maintain SL of 80 point in above Trading Zone
Silver
Range: 71700 - 73350
Our Preference: Buy Silver 71800 target 72700 with SL 71500
Alternative Scenario: Sell Silver 71500 target 70700
Trading Zone
72610 Sell for the Momentum