Bullion Report update for 24th June 2022

Latest News

US State Department: There are reports that Russia is considering significant military action against Ukraine
State Department orders diplomats' families to leave U.S. embassy in Kyiv - ABC

Commentary

Gold is trading with a very low volume, which resist for a immediate bull.
Trend for Gold will remain positive only.
As per COMEX Gold 1828.5 $ is a good support from where it drag upper side 1845$, As it cross 1849$+ & sustain will move above 1861$
Due to a very low volume we are also give you a very small ranges.

IMP Announcement of the week
FOMC Meeting & Fed Fund rates on Wednesday Night.
US Advance GDP

Fundamentals for the day

8.15 PM Flash Manufacturing PMI & Service PMI

Gold

Range: 47940 - 48700

Our Preference: Buy Gold 48150+ for target 48500 & 48680 with SL only below 48000 if sustain the only

Trading Zone

48150 Buy @ 1st stroke

47945 Buy for the day

48405 Sell @ 1st stroke

maintain SL of 70 point for jobbing purpose as per above Levels

Silver

Range: 63700 - 65700

Our Preference: Buy Silver 63800+ for target 65200 with SL only below 63400.

Alternative Scenario: Sell below 63400 for target 62780 with SL of 250 point only.

Pricing

Online transfer
Cash
Online payment by credit card and Debit Card - Currently disabled as per new circular by SEBI

If you have any queries WhatsApp:

Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current