Gold
Range:-47200-45750
Fundamentals of the day
6:00 PM CPI & CORE CPI
11:30 PM FOMC statement
Federal Fund Rates
Federal Budget Balance
As per economic fundamentals as we satiated continuously be in Buy on Dip in Gold rather than sell . If u had buy gold @ or below 45750 or 46000 a one has to take support 44750 only thats a 1000 point down only. Which says 1 Lac rupee investment. So we prefer to stay in buy – keep jobbing in buy is better idea rather then selling.
Momentum Call:- Sell Gold 46740 for the target 46350 with sl 46850
Our Preference:- Sell Gold 47200 for the target 46560 with sl 47400
Alternative Scenario:- Buy Gold above 45750+ for target 46400 with sl 45600
Silver
Range:– 48270-47200
Our Preference:- Sell Silver 48270 for the target 47600 with sl 48600
Alternative Scenario:- Buy Silver 48650+ for target 49065 with sl 48350
We prefer to Silver also remain in buy with backup buy 45800