Fundamentals for the Day
Current week start with side ways pressure on Gold Silver from upper levels – By Thursday it may take a good Dip and gives Buy opportunity based on some announcement so wait for it
Gold move from 4400$ to down side 4317$ and moving towards 4280$ still
XAUUSD – Gold
Range: 4375$ – 4240$
Our Preference: Sell Gold @ 4370$ for target 4284$ & 4240$ with SL 4400$+ only if sustain ( SL is little big then our usual Stop loss so keep your lot size under control or split your regular lot)
Alterative Scenario: Buy Gold @ 4284$ with SL 4271$ for target 4320 & 4342
Trading Zone
4340$ Sell gold @ 1st stroke
4270$ breakout sell
4317$ – 50% of 4400$ High Low 4235$ which is has work but as it sustain below 7$ of the same will activate the sell
XAGUSD – Silver
Range: 67.20$ – 62.50$
Our Preference: Sell Silver @ 66.64 for target 64$ & 62.50$ with SL 67.20$+ only if sustain
Alternative Scenario: Buy Silver @ 62.50$ for target 67$ with SL 62$ below only ( It’s extreme Buy -which may not activate today)
Trading Zone
64.80$ buy for a momentum ( 64.50$ below sustain breakout sell)
66.20$ Sell start for the Day
