Posted by Tradelinecapital
Fundamentals for the Day5.30 pm GBP Official Bank interest rate hike Decision6.00 PM Challenger Job Cuts y/y6.45 pm ECB Refinancing Rate hike decision7.00 pm Unemployment Claims Prelim Non Farm Productivity q/q7.15 PM ECB Press Conference8.30 pm Factory Orders m/mFed has hike the rate by .25% post that Gold start move upside.Fed’s Powell: According To Current Outlook, Will Not Be Appropriate For Rate Cuts This YearComment: Fed is not going to hike interest rate in coming months as well as not going to cut rate in coming times , they will watch new coming inflation data as well as Jobs dataGold Range: 58200 - 59800Momentum Call: Sell Gold 58800 for target 58300 SL 58900Our Preference: Buy Gold 58100+ for target 58800 & as it cross 59050 extended target 59800 Alternative Scenario: Sell Gold 59800 for target 58200 with SL 60000+ only if sustain Gold should come 59800 by tomorrow night only in Non Farm. If it does not come by tomorrow night then we will sell in tomorrow night by modify in call & sell before this price after Non Farm.Those who has hold their sell position has to take a back up of more till 59800 max because post that it will turn towards 57200 again. Silver Range: 70150 - 73000Our Preference: Sell Silver 73000 with SL 73500 for target 70500Alternative Scenario: Buy Silver 70120 with SL 69800 for target 72000Sell Break out in Silver 69800 below.
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Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current
