Fundamentals for the Day
6.00 pm FOMC Member Logan Speaks
8.30 pm Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
COMEX Future
GOLD
Range: 1970$ - 1922$
Our Preference: Sell Gold 1970$ for target 1945$ & below 1940$ target extended to 1922$
Alternative Scenario: Buy Gold 1976$+ for target 1984$ with risk of 4$
Top resistance of Gold will be again 1998$ for sell for the same target 1922$
Silver
Range: 23.06$ -22.32$
Our Preference: Sell Silver 23.05$ for target 22.40$ with SL 23.20$
Alternative Scenario: Buy Silver 23.10$+ if sustain target 23.42$
above 23.05$ also 23.43$ will good sell point in Silver