Fundamentals for the Day
6.00 pm Trade Balance 7.15 pm Final Service PMI
11.30 pm Beige book
Gold Open Interest 4,40,738 with volume 2,04,081.
Gold
Range: 59515 - 58970
Our Preference: Sell Gold 59515 target 59150 & 58970 with SL 59650+ only if sustain
Alternative Scenario: Buy Gold 58970+ target 59300 with SL 58850 below only
Trading Zone
Break out sell 58880 target 58680
Silver
Open interest 1,29,132 with a volume 94,243.
Our Preference: Sell stop Silver 73000 with back up sell 73300 target 71800 with SL 73500+
Alternative Scenario: Buy Silver 71750 target 72500 with SL 71400 below only
Trading Zone
72500 SL 200 point