Fundamentals for the Day
9.00 PM Crude Oil Inventories
Gold is trading in range now, it will not be able to cross 57200 or 1948$ as of now till 27th Jan 2023 because of expiry in COMEX. So a new movement or one sided movement may start on or from 30th Jan 2023.
Gold
Range: 57100 - 56550
Our Preference: Sell Gold 57040 for target 56600 with SL 57201
Alternative Scenario: Buy Gold 57201+ only if sustain for target 57540 with SL 120 point
Trading Zone
56790 Buy for the moment SL 50 point
Silver
Range: 68900 - 66500
Our Preference: Sell Silver 68900 for target 67500 & 66500 with SL 69400
Alternative Scenario: Buy Silver 66700+ for target 67900 with SL 66350