Fundamentals for the Day
11.30 am GBP CPI & PPI
8.00 pm Crude Oil Inventories
Inflation High from Britain too – impact negative on Gold
Gold
Range: 148450 – 144450
Our Preference: Sell Gold @ 147500 target 145500 & 144550 with SL 147900
Alternative Scenario: Buy Gold @ 144500 with SL 143900 below only if sustain target 147000
Nearest Sell – 146550 Sell Target 145550 SL 300 point
COMEX Gold SPOT @ 4070$ SL only below 4045$ will be breakout Sell
Gold will remain Rangebound sideways downside
Silver
Range: 213500 – 203000
Our Preference: Sell Silver @ 213500 target 207000 with SL 214800
Alternative Scenario: Buy Silver @ 203000 with SL 201000 below only if sustain target 213000
COMEX Silver Spot has a Sell point from 58.50$ for target 55$ around with risk apply only above 59.20$
55$ will remain your Buy point risk apply only below 54.20$ only – which may break but will take sometime.
