Fundamentals for the Day
6.00 pm Core PCE Price Index m/m
Final GDP q/q
Final GDP Price Index q/q
Good Trade Balance
Personal Income & spending m/m
Premium Wholesale Inventories m/m
7.15 pm Chicago PMI
8.00 pm Crude Oil Inventories
11.00 pm FOMC Member Barkin Speaks
Gold
Range: 148000 – 151000
Our Preference: Buy Gold @ 148400 target 150390 & 151000 with SL 147850 below only if sustain
Alternative Scenario: Sell Gold @ 150900 for target 149400 with SL 151400
Trading Zone
149500 Buy @ 1st stroke
147800 Breakout Sell
151500 Breakout Buy
Based on the Pricing of 148400 gold may target 154000 from here – means on COMEX Gold Spot – may touch 4290$ – till the time it do not hit the Stop of low of 4111$ below then maintain Buy position with the same SL
Silver
Range: 223557 – 230500
Our Preference: Buy Silver @ 223557+ for target 229000 with SL 222000 below only if sustain
Alternative Scenario: Sell Silver @ 230000 for target 225000 with SL 232000+
Trading Zone
232000 Breakout Buy
