*Donald Trump announced to trade deal on 15th January which is a very clear down side position for Gold.
So we expect to gold will start move down again as well as Silver also.
*MCX Gold High 39885 Low 37466 where 70% arrive at 39159. If market get close above 39270+ & next day open & close also then it can move up little.
*As per COMEX Gold Future High 1571.7 Low 1453.1 where 70% arrive at 1536$. On 24th December USA Syndicate Buy CF their Buy position with 5.5 Lac around. But they have left the market @ the price of 1505$ (Spot price). Where Gold is trading @ 1522$ of now.
*Most of International Trader will be back on Trading Desk by 6th of Jan 2020.
So still Gold has a 4 more days to move upside till 1536$.
6.00 pm Challenger Job Cuts y/y
7.00 pm Unemployment Claims
8.15 pm Final Manufacturing PMI
Our Preference: Sell Gold near 39170 target 38900 SL 39275
Alternative Scenario: Buy Gold 39280+ target 39400 SL 39220
Momentum Call: Buy GOLD 39000 target 39120 SL 38949
Positional Sell : Sell Gold 39159 ( 1527) back up sell 39359 (1536) With SL 1540$ 39450 Target 38464 & 1490$.
Momentum Call: Sell Silver 46760 target 46560 SL 46870
Our Preference: Sell Silver 47300 target 46500 SL 47650
Alternative Scenario: Buy Silver 46400+ target 47100 SL 46100