Fundamentals for the Day
7.15 pm Flash Mfg. PMI & Service PMI
7.35 PM FOMC Member Barr Speaks
8.00 PM Crude Oil Inventories
9.30 PM FOMC Member Goolsbee Speaks
Latest Updates,
US Envoy Witkoff: Held lengthy talks with the Iranian delegation through mediators, hopes the talks prove constructive and promising
Trump Backs Call For Ban On Us Diesel Exports, Saying ‘I’ve Called For That Too’
Trump: Zelenskiy and I Working on Solution to End War; Ukraine Will Make a Deal; Discuss It Often, Including With Putin
The leaders of USA, Denmark and Greenland just signed a new security agreement on Greenland
Trump Says He Urged Iran To Negotiate Several Times
Now all of the above talks are mixture of couple of things on WAR Sometimes peace sometime missiles – which cause GOLD move with a good volume and volatility in a particular wide range for a trading –
Rate hikes from Central Bank also begin but that is not heavily impacted on Gold for Downside – which indicates also Gold is ready to move upside – Silver future contract delivery are on top 7 million ounces of Silver has been delivered last week which is 2.1% of total delivery of COMEX – which indicates any time Good Boom can arrive in Silver too as the Bull engine is just to start into the same
In one line all dips are only for a Buy side position for holding basis in Gold Silver both –
XAUUSD – Gold
Yesterday,
Gold made a Low of 4291$ where we gave a Buy position @ 4284$ – on Sell side sell given @ 4370$ where High made 4375$ and activate
Range: 4400$ – 4284$
Our Preference: Sell Gold @ 4375$ for target 4290$ with SL 4401$+ only if sustain ( Same call as yesterday)
Alternative Scenario: Buy Gold @ 4290$ to 4282$ with SL 4272$ for target 4344$ & 4370$
Trading Zone
4317$ Buy @ 1st stroke with SL 8$ for trading purpose
XAGUSD – Silver
Range: 67.50$ – 62.50$
Our Preference: Sell Silver @ 67.30$ with SL 67.90$ for target 64.80$
Alternative Scenario: Buy Silver above 68.20$+ only sustain above for target 69.90$ with SL 0.50$ cent below
Trading Zone
64.70$ Buy for session
62.40$ Last Buy for the Day
