Fundamentals for the Day
7.30 pm Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectation
XAUUSD – Gold
Range: 4215$ – 4070$
Our Preference: Sell Gold @ 4200$ with back up sell @ 4215$ for target 4125$ with SL 4227$
Alternative Scenario: Buy Gold @ 4110$ with SL 4099$ target 4154$
We expect Gold will remain in a range only from 4244$ to 4058$ – so no one side up or one side down
XAUUSD – Silver
Range: 58$ – 61.20$
Noon Sell @ 60.55$ with SL 60.85$ for target 59.20$
Our Preference: Sell Silver @ 61.20$ for target 59$ with SL 61.60$
Alternative Scenario: Buy Silver @ 58.50$ with SL 57.90$ for target 60.20$
