Fundamentals for the Day
- 7.30 pm EUR Consumer Confidence ( effect on EURUSD)
Market CommentaryDaily
- ISREAL HAMAS war is still continue without break
- Lebanon (HEZBOLLAH ) vs Isreal war also get begins - As on the day when Isreal will start attack or respond on Lebanon Bullion will again start move upside only.
- COMEX Gold future has a very good resistance @ 2007$ where Friday High was 2009.2$
- Breakout Buy will apply above 2015.5$ for target 2063$
- Same scenario will applicable on MCX 61050 sell point, which we have given on Friday.
- Gold open interest was 4,60,000 which is increasing consecutively last 7 working days +
Gold
Range: 60400 - 61100
Our Preference: Buy Gold 60450+ target 61000 with SL 60300
Alternative Scenario: Sell Gold 60290 below target 60065 & 59750
Silver
Silver Open Interest is 1,26,143
Range: 72350 - 73500
Our Preference: Buy Silver 72400 target 74500 with SL 72000 below only if sustain
Alternative Scenario: Sell Silver 71800 below only if sustain for target 70200 with SL of 300 point