Gold Trend: mcx god august contact looked under
pressure evening session, trading at 28027 with loss of 167 point,
comax gold traded above $1309 while open at $1318 and made high $1324
.
Silver trend : nymax silver traded at $20.82 while open
at $21.131 and made high $21.25, mcx silver traded at 45150 level
with loss of 400 point ,
Base metal trend: base metal copper, aluminium ,nickel,
lead and zinc looked inred zone ,nickel more down fall today 3% abobe
, open 1159 and made high 1159.50 and low of day is 1115.8.
Global Data alert for gold silver:
6 PM CAD : core cpi m/m, Wholesale sales m/m, CPI m/m.
7.25 pm USD prelim UoM Consumer Sentiment, prelim UoM
Infaltion Expactions , CB Leading index m/m.
Commodity calls:
Sell gold above 28050 target 27950/27800 stoploss 28150
sell silver 45200 target 45100/44900 stoploss 45400
sell copper above 429 target 427/424 stoploss 431
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Gold prices recovered back on Friday. Prices can remain sideways to up for the day. Prices have support at 27800 and prices can bounce back to 28100
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