Cryptocurrency Prices by Coinlib

Daily Bullion Report of 18th Feb 2022

Latest Updates

  • On Monday, President Vladimir Putin asked his foreign minister, Sergei Lavrov, whether there was a chance to still negotiate on security issues with the US and NATO rather than take military action. “I must say that there is always a chance,” Lavrov responded, according to Kommersant, which added that Putin supported the foreign minister’s assertion.
  • US Secretary of State Antony Blinken has accepted a meeting with Russian Foreign Minister Sergey Lavrov late next week 'provided there is no further Russian invasion of Ukraine,' State Department spokesperson Ned Price said.
  • Based on this new Gold sharply move downside @ 7AM to 7.30 AM from 1902$ to 1891$. 
  • Impact: Above both news says Was can take a rest for a week as of now - based on that Gold can come downside.

Technical: 1910$ is a good resistance same as 50,500 in MCX. Any more upside expect only above 1910$+ & 50,500+ only if sustain

Fundamentals for the day
US
8.30 PM Existing Home Sales
              CB Leading Index
9.15 PM FOMC Member Waller Speaks
9.30 PM FOMC Member William Speaks

Gold

Range: 50500 - 49500

Our Preference: Sell Gold 50250 add on 50400 for target 49550 with SL above 50501+ only If sustain
                          (This call is same as yesterday)

Alternative Scenario: Buy Gold 49500+ for target 49880 with SL 49380

Trading Zone

49880 Buy with SL 82 point

Silver

Range: 64400 - 62700

Our Preference: Sell Silver 64400 for target 63200 with SL 64750+

Alternative Scenario: Buy Silver 62700 with SL 62400 target 63500

Category :

Bullion Report