Fundamentals for the Day
4.30 pm GBP Monetary policy Summary
GBP Official Bank Rate
6.00 PM US Philly Fed Mfg Index
Unemployment Claims
Building Permits
Housing Starts
7.30 pm Pending Home Sales m/m
8.00 pm Natural Gas Storage
Federal hike interest rate by 0.25% from 3.75% to 4% negative for Bullion – where Gold take a DIP downside and come back
Gold
Range: 152400 – 149600
Our Preference: Sell Gold @ 151960 with back up 152450 target 149700 with SL 152600+ only if sustain
Alternative Scenario: Buy Gold @ 149650 target 151800 SL only below 149200
Trading Zone
149100 Breakout Sell target 147500
152900 Breakout Buy
Silver
Range: 237300 – 230555
Our preference: Buy Silver @ 230500 for target 237000 with SL 229000 below only if sustain
Alternative Scenario: Sell Silver @ 237000 with SL 239000 target 231000
Trading Zone
235000 Sell start for the Day
