Cryptocurrency Prices by Coinlib

Daily Bullion report of 9th Feb 2022

Latest Updates

  • Fed's Daly: Inflation may worsen before it improves, but inflation will undoubtedly improve

  • FED'S DALY: I AM IN FAVOUR OF AN INTEREST RATE HIKE IN MARCH.

  • FED'S DALY: THE FED CANNOT BE TOO AGGRESSIVE WITH RATE HIKES.

Fundamentals for the day

9.00 PM Crude Oil Inventories
10.30 PM FOMC Member Mester Speaks
11.31 PM 10- Year Bond Auction

Yesterday

Gold - Low 48170 where Gold Low 48174, Alternative Scenario- Sell call @ 48500 High 48474.
Silver -  Low 61525 where we mention Buy @ 61600+ for target 62725 where High was 62469

Gold

Range: 48540 - 48000

Our Preference: Sell Gold 48500 SL 48650+ only if sustain for target 48150 & 47950

Alternative Scenario: Buy Gold 48016 for target 48380 with SL 47890

Upper side break out apply only in case of it cross 1837$ + will move till 1850$ in next target.

As per COMEX Gold 1832$ is a good resistance for downside target 1816$ & 1806.5$

Silver

Range: 62750 - 61380

Our Preference: Sell Silver @ 62728 for target 61900 & 61400 SL 63050+ only If sustain.

Alternative Scenario: Buy above Silver 63080+ for target 63825 with SL 350 point.

Category :

Bullion Report