- On Monday, President Vladimir Putin asked his foreign minister, Sergei
Lavrov, whether there was a chance to still negotiate on security issues
with the US and NATO rather than take military action. “I must say that
there is always a chance,” Lavrov responded, according to Kommersant, which added that Putin supported the foreign minister’s assertion.
- US Secretary of State Antony Blinken has accepted a meeting with Russian Foreign Minister Sergey Lavrov late next week 'provided there is no further Russian invasion of Ukraine,' State Department spokesperson Ned Price said.
- Based on this new Gold sharply move downside @ 7AM to 7.30 AM from 1902$ to 1891$.
- Impact: Above both news says Was can take a rest for a week as of now - based on that Gold can come downside.
Technical: 1910$ is a good resistance same as 50,500 in MCX. Any more upside expect only above 1910$+ & 50,500+ only if sustain
Fundamentals for the day
8.30 PM Existing Home Sales
CB Leading Index
9.15 PM FOMC Member Waller Speaks
9.30 PM FOMC Member William Speaks
Range: 50500 - 49500
Our Preference: Sell Gold 50250 add on 50400 for target 49550 with SL above 50501+ only If sustain
(This call is same as yesterday)
Alternative Scenario: Buy Gold 49500+ for target 49880 with SL 49380
49880 Buy with SL 82 point
Range: 64400 - 62700
Our Preference: Sell Silver 64400 for target 63200 with SL 64750+
Alternative Scenario: Buy Silver 62700 with SL 62400 target 63500