Fundamentals for the Day
6.00 pm Average Hourly Earnings m/m
Non Farm Employment Change
Unemployment Rate
9.30 pm FOMC Member Waller Speaks
It's Non Farm Day today
- After 21st Sept 2023 Operators are in sell side position only & still they have not cleared their position, Which indicates Gold has still good downside due till 55650 around & Silver has down till 64700 around.
- As per COMEX Silver 21$ is a support level as we said, yesterday 3rd time it has touch 20.88$ & sustain
- So technically as it break 20.80$ in future go for immediate sell for target 20.10$
- Till the time go with buy 21$ with SL 20.80$ target 21.52$
Gold
Range: 56300 - 57035
Our Preference: Sell Gold 57030 target 55650 with SL 57200 (Positional holding is still continue given 3 days ago in report)
Momentum Buy: Buy Gold 56580 target 57000 SL 100 point
Alternative Scenario: Buy Gold = we are unable to find a good support level which can trust for 90% accurate so we will leave this Buy part as of now
Trading Zone
56450 Sell stop with sl 70 point
Silver
Range: 66500 - 68000
Our Preference: Buy Silver 66500 target 67900 with SL 66300
Alternative Scenario: Sell Silver 66300 = 20.80$ target 20.10$ = 64800 around with SL 300 point
Evening session news base update of Non Farm based changes will be deliver on Whats App Broadcast -
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