Cryptocurrency Prices by Coinlib

Daily Bullion Report update of 24th Feb 2022

Latest Updates

  • Russia to demand rubles for their oil, Wall Street lower
  • U.S. restores 64% of product exclusions from Trump China duties.
Speech:
  • Fed's Bullard: Part's Of US Economy Might Be Overvalued
  • BoJ Kataoka: Bonds should be purchased aggressively
  • JAPAN'S ECONOMY IS IMPROVING AS A TREND, BUT DOWNWARD PRESSURE IS INCREASING.
Effects: As Russia started demands rubels for oil this will weaken the position of EU & US Dollar & give strength to Bullion.

Gold

Range: 52000 - 51036

Our Preference: Sell Gold 51970 match with 1950$ for target 51350 with SL 52100+ match with 1956$+

Alternative Scenario: If Gold cross 1956$ then Buy MCX @ 52000 match with 1950$ for target 1986$ in COMEX & 52700 in MCX with SL 51880 & 1945$ below only


Any downside below 50950 will activate sell position for target towards 50550.

Silver

Range: 68928 - 66500

Our preference: Sell 68928 for target 67150 with SL 69300

Alternative Scenario: Buy Silver 67150 add on 66550 for target 68928 with SL only below 66400

Disclaimer:CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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