Core PCE Price Index 6:00PM
Personal Spending 6:00PM
Michigan Consumer Sentiment 7:30PM
Range: 46600 (1762$ ) – 48941 (1800$)
Our Preference: Buy Gold 1762$ ( 46600) for target 48000 with SL only below 46500 (If sustain)
Positional trader buy with back of 1756 Comex Gold Future according that add in MCX Gold
Alternative Scenario: Buy Gold 46288 SL 46100 Target 47288
Yesterday also it has not sustain the same & take reversal from 1762$ only
So match your MCX price with COMEX 1st then place the order if you do not have the patience.
Range: 25.85$ – 27.05$
Our Preference: Buy Silver 25.85$ 67500(May Contract) for target 27.05$ 70000 with SL only below 25.65$ or 67100
Alternative Scenario: Sell Silver 70300 SL only above 70800+ for 800 point target
As it cross 70800+ will go with again Buy position only for target 71820
Lot size should be as per the funding capacity only. In the margin of 5 lac +3 Lac rs (M2M) trader should do 1 lot only, with lesser margin will go in mini lots respectively. You should control your lot size.