Fundamentals for the Day
Fundamentals for the Day
6.00 pm Core Retail Sales m/m
Retail Sales m/m
Import Price m/m
8.00 pm Crude Oil Inventories
11.30 pm Federal Funds Rate 4% expected vs 3.75%
FOMC Economic Projection
FOMC Statement
Latest Update,
US imposing 100% Tariff on India – and those who import Russian oil by voting 214-211 in advance.
Today Fed Interest rate declaration day – we believe it will remain un change – in case of un change Gold will move upside. In case of Rate Hike Gold may down or dip by 100$ by spike or by momentum but again as it’s effect close Gold will start move upside- Now only case gold make down is If rate hike plus says we will tight in coming months will make gold down.
But we believe Rate will un change – so we remain on our Buy position as it is- Even we suggest Buy position today before marker close with a back up then Hold for our given target will give more money.
2 line strategy for Trading on Gold –
1. Before Rate hike sell today on every hike with levels and stop loss
2. After Fed Rate decision Buy only on every levels only with stop loss
This 2 strategy will make a trend wise money
Bottom Out level for COMEX Gold is 4168$
Range of 4215$ to 4168$ is only Buy Zone
But as per technical chart it has already supported from 4253$ just before Fed Decision.
From here Gold will make its basic target again 4475$ again after tonight’s low
XAUUSD-Gold
Range: 4387$ – 4215$
Our Preference: Sell Gold @ 4344$ for target 4270$ with SL 4352$+ (Modify 4355$+ if sustain( Intraday trading only)
Alternative Scenario: Buy Gold @ 4215$ Buy Gold with SL 4200$ for target 4340$
Positional Buy will initiate tonight after Fed decision – so stay update on what’s app Broadcast –
by type – FED Decision – on 7046379799 will update you the same
Positional Buy position @ or around 4215$ with back up 4180$ for target 4500$ is good
XAGUSD – Silver
Range: 65.35$ – 62.35$
Our Preference: Sell Silver @ 65.35$ with SL 65.65$ for target 62.50$
Alternative Scenario: Buy Silver @ 65.75$ for target 66.83$ with SL 65.35$ below only if sustain
Positional Silver Bottom out point is @ 59.66$
We prefer to Buy Silver 62.5$ back up @ 60$ target 70$
