Fundamentals for the Day
No major data of US Today
Tomorrow Fed rate Hike decision on Wednesday 11.30 pm IST
Gold
Range: 151962
Our Preference: Sell Gold @ 151960 for target 149700 with SL 152400+ only if sustain
Alternative Scenario: Buy Gold @ 149600 target 151900 with SL 149200
2nd Alternative Scenario: Buy Gold @ 147500 target with SL 146800 Hold the position for this week will update the target base target will be 155000
Trading Zone
149000 Sell Breakout
152500+ Buy Breakout target 153500
Gold has a bottom out point is 147000
Above is just a Day trading Purpose only – Positional trading will remain only on Buy side position by tomorrow night on our Positional Bullion Report
Silver
Range: 234055 – 227000
Our Preference: Sell Silver @ 234000 target 230555 with SL 235900
Alternative Scenario: Buy Silver @ 226000 SL 224000 target 231000
Trading Zone
Positional Buy zone will continue only so Hold the Buy position – downside will apply only till Wednesday night Fe Rate Hike Decision.
