- Jackson Hole symposium on 26th Aug 2022
- This meeting held between world central bank to decide borrowing cost in terms of Interest rate + effect on inflation based on their action how to control it.
- So its deadly important for positional movement.
Gold
Range: 51200 - 51800
Our Preference: Buy Gold 51200+ for target 51490 & 51790 SL 51000
Alternative Scenario: Sell Gold 51795 with SL 51925 for target 51490
Trading Zone
51490 Sell @ 1st stroke with SL 70 point for target 190 point
Position trader can buy gold for target 51800, Buy position should be clear before Friday evening
Silver
Range: 54500 - 57000
Our Preference: Buy Silver 54750+ for target 55955 & 56955 with SL 54400 below only if sustain
Trading Zone
55955 sell @ 1st stroke with SL 150 point for target 450 point
Holding Position can be on Buy for target 57000, Buy position should be clear by Friday evening before