Fundamentals for the Day
- 7:15 PM – Chicago PMI
- 7:30 PM – FOMC Member Bostic Speaks
- 10:30 PM – FOMC Member Goolsbee Speaks
🪙 Gold Outlook
Gold made a low of $3244 in early trade (3:30–4:00 AM IST), rebounded to a high of $3296.80, and is currently trading at $3278 (as of 4:55 PM).
The trend remains bearish until Thursday night.
- 📉 Support Zone: $3220 ≈ ₹94,250
- 🔁 Break below ₹93,800 may lead to ₹92,000
- 💱 USDINR: Trading at ₹85.70
- Support at ₹85.00
- Below ₹84.00 → ₹500 downside in MCX Gold
📌 Gold Levels
- Range: ₹96,780 – ₹94,250
Our Preference:
- Sell @ ₹96,250 → Target ₹95,250 | SL: 200 pts
Alternative Scenario:
- Sell @ ₹96,700 → Target ₹94,500 | SL: ₹97,000+ (Overnight Holding till Thursday)
Buy Zones:
- ₹95,700 Buy (1st Stroke) | SL: 120 pts
- ₹95,200 Buy (1st Stroke) | SL: 150 pts
- ₹94,500 Buy (1st Stroke) | SL: 120 pts
⚙️ Silver Levels
- Range: ₹1,07,000 – ₹1,03,000
Our Preference:
- Sell @ ₹1,06,850 → Target ₹1,05,000 | SL: ₹1,07,200+
Alternative Scenario:
- Buy @ ₹1,03,000 → Target ₹1,05,000 | SL: 450 pts
Momentum Buy:
- Buy @ ₹1,05,000 → Target ₹1,06,000 | SL: 300 pts
📉 Break below ₹1,05,000 opens gate to ₹99,700
🚀 Breakout above ₹1,07,500 opens gate to ₹1,09,000
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