Fundamentals for the Day
8.15 PM Flash ServicePMI
Flash Manufacturing PMI
8.30 PM Richmond Manufacturing Index
Gold made a low of 56514 COMEX 1912.4$ in future around 8.30 pm to 9 pm, & in the same session Buy got started & push up in the last hour of 11.30 to 11.55 pm.
USDINR weaken from 80.90 Rs to 81.66 right now @ 9.45am 24th Jan 2023 increase by 0.76 RS where 240 Rs of MCX gold increase by Indian Rupees only.
COMEX Gold has got a sell @ 1940$ around just one & the same so we believe, a Day trader should take a risk @ 57050 around sell with 57201+ stop loss
As it cross this 57201 then today's top High will be 57540.
Range: 57200 - 56550
Our Preference: Sell Gold 57070 with SL 57201+ for target 56800
Alternative Scenario: Buy Gold 57220+ for target 57540 with SL 100 point only
56550 Buy for the session SL 100 point
Range: 69000 - 66500
Our Preference: Sell Silver 68900 back up sell 69240 with SL 69500+ for target 67500
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