Cryptocurrency Prices by Coinlib

Bullion Report Update of 27th Jan 2022

Latest News

Yesterday FOMC Meeting

  • Announce Fed Rates will unchange
  • Powell: Inflation risks are still to the upside in my view
  • ANOTHER RISK IS FURTHER SUPPLY CHAIN ISSUES
  • Covid Is Not Over, Could Continue To Evolve And Harm Growth
  • Fed’s Powell: Covid Is Not Over, Could Continue To Evolve And Harm Growth

Conclusion: Over all, As per POWELL STATEMENT US Equity market will remain downside & Bullion will move upside again from 1803.6$ gold will up & in Silver buy base of 22.90$ around for today.

Fundamentals of the day

7.00 PM  US Advance GDP Q/Q IMP
               Advance GDP price Index q/q
               Core Durable Goods Orders m/m
               Durable Goods Order m/m
               Unemployment Claims
8.30 PM Pending Home Sales m/m
9.00 PM Natural Gas Storage

Gold

Range: 48100 - 48600

Our Preference: Buy Gold 48140+ for target 48400 & 48600 with SL only below 48000 if sustain

Alternative Scenario: Buy Gold 47786 for target 48350 with SL 47620

Silver

Range: 62600 - 63800

Our Preference: Buy Silver 62700+ for target 63800 with SL 62400 below only

Alternative Scenario: Buy Silver 61650 for target 63800 with SL 61200

Trading Zone

Sell below 62400 for target 61750 with SL 300 point

Category :

Bullion Report