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Daily Bullion Report of 15th Feb 2022

Ukraine vs Russia problem is on High. Ukraine assume there could be a attack by Russia on 16th Feb 2022. But still Russia has not declare anything about the same from their side. If Russia get their terms & agreement complete in next 72 hours a War can be avoided.

Technical: Gold has touch its 1st milestone 1879.8$ as we mention & make a high @ 1881.6$. Gold is in little bit overbought condition. Which mean it can take a little dip till 1865$ & 1851.3$ below that in extension. Next upside buy only apply above 1884$+ for upside move extended till 1910$.

Breaking News

Russia: Southern, Western armies returning to bases: TASS

A trio of Russian headlines:

  •  Russia is preparing a series of military drills; Most military districts and fleets will participate.
  • Live fire drills will be held in Russia and Belarus on the 19th of February
  • Russia Returning Some Troops To Bases After Drills
Impact: Gold silver down Nasdaq, Nifty & other indices upside again

Gold has a base price of 1851.6$ which should be equivalent to 49471.

Fundamentals for the day

7.00 PM US PPI
               Core PPI m/m

Gold 

Range: 50350 - 49500

Our Preference: Buy Gold 49471+ for target 49950 with SL 49300 below only

Alternative Scenario: Sell Gold 49280 below for target 48902 with SL 130 point+

Silver

Range: 63000 - 64800

Our Preference: Buy Silver 63001+ for target 64600 with SL 62600 below

Alternative Scenario: Buy Silver 62275+ for target 63275 with SL 300 point
 

Category :

Bullion Report