Bullion Report Update for 17th Aug 2022

Fundamentals for the day

6.00 PM Core Retail & Retail Sales

7.00 PM FOMC Member Bowman Speaks

8.00 PM Crude Oil Inventories

11.30 PM FOMC Meeting Minutes

11.50 PM FOMC Member Bowman Speaks

Trend: Selling for the day

Gold

Range: 52365 - 51200

Our Preference: Sell Gold 52025 for target 51500 with SL 52125+

Alternative Scenario: Sell Gold 52196 for target 51770 & 51200 with SL 52300+

Positional Trader will hold their position for target 51200

Trading Zone

51770 Buy for the momentum

51486 Last buy for the day

52365 Last sell for the day

Maintain SL of 70 point

Silver

Range: 58773 -56500

Our Preference: Sell Silver 57970 SL 58200+ for target 56785

Alternative Scenario: Sell Silver 58342 for target 56785 SL 58800+

Trading Zone

56785 Buy @ 1st stroke SL 56400

Positional Silver target in sell position is 55730

Pricing

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