- Fed hike interest rate decision tonight at 11.30 where its expected 0.25% as per that Gold has discounted its pricing in advance by 80$ which indicates there can be slow downside now.
- Downside 1913$ is a Buy point with back up buy @ 1895$ for upside target 1950$ & 1963$
Fundamentals for the Day
11.30 pm FOMC Statements
FOMC Economic Projections
Federal Fund Rates
Gold
Range: 59110 - 58181
Session Call: Sell Gold 58822 SL 58925 target 58600
Our Preference: Sell Gold 59110 with SL 59300 target 58500 & 58181
Alternative Scenario: Buy Gold 58181+ target 58850 with SL 58000
Silver
Range: 69500 - 68100
Our Preference : Sell Silver 69350 with target 68150 with SL 69700
Alternative Scenario: Buy Silver 68100+ SL 67800 target 69100