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10 analysts responded this week, 1 see prices up, while 1 see prices down, and 8 see market volatile. especially Trading range will be between $3274-$3382 levels.
S1:3309 S2:3291 S3:3274
R1:3345 R2:3368 R3:3382
Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $35.85-$38.92 levels.
S1:37.15 S2:36.50 S3:35.85
R1:37.42 R2:38.04 R3:38.92
Now support for the Gold is seen at 98555 and below could see a test of 98080-97225. Resistance is now likely to be seen at 99210 a move above could see prices testing 99825-100665.
S1:98555 S2:98080 S3:97225
R1:99210 R2:99825 R3:100665
Now support for the silver is seen at 110150 and below could see a test of 108225-106140. Resistance is now likely to be seen at 111815 a move above could see prices testing 113580-115855.
S1:110150 S2:108225 S3:106140
R1:111815 R2:113580 R3:115855
FOMC Meeting Minutes :
Previous: 0.25% Forecast: 0.50%
More hawkish than expected is good for Dollar
Unemployment Claims:
Previous: 224k Forecast: 226k
Actual < Forecast good for Dollar
Philly Fed Manufacturing Index :
Previous: 15.9 Forecast: 6.8
Actual > Forecast is good for Dollar
Flash Manufacturing PMI :
Previous: 49.8 Forecast: 49.7
Actual > Forecast is good for Dollar
Flash Services PMI :
Previous: 55.7 Forecast: 54.2
Actual > Forecast is good for Dollar
Existing Home Sales :
Previous: 3.93M Forecast: 3.92M
Actual > Forecast good for Dollar
Fed Chair Powell Speaks :
More hawkish than expected is good for Dollar
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