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Bullion Report for the Day of 3rd Oct 2023

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  • Fed Powell said it clearly will do anything for healthy economy, for the same they are suppose to increase interest rate
  • This is Negative for bullion so it move downside little more
  • As per COMEX Gold future will move down till 1753$ only
  • Silver will move downside till 20.10$ only after breaking 21.80$.

Gold 

Range: 56994 - 55600

Our Preference: Sell 56994 target 56250 & 55700 with SL only apply above 57200+ ( Positional Call)

Silver 

Range: 65000 - 68100

Immediate sell begin from 67000

Our Preference: Sell 68100 target 65100 with SL 68500+ only if sustain

Alternative Scenario: Buy Silver 65000 target 67500 with SL 64500 below only if sustain 

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