Bullion Report Update of 10th June 2022

Dollar Index 103.18$, Which indicates Gold will remain down till 1831$.
Gold has not cross & sustain its strong resistance @ 1858$ below will remain 1831$.
So Sell activate near 1850$ around.
Trend : Down for the day

Fundamentals

US TREASURY SECRETARY YELLEN: I EXPECT GROWTH TO SLOW DOWN, BUT CONSUMER SPENDING IS VERY STRONG, AND INVESTMENT SPENDING IS SOLID
I BELIEVE THERE IS A PATH THROUGH THIS THAT ENTAILS A SOFT LANDING.
Effect: All Indices ( Nasdaq, S&P 500 & Dow remain downside move based on this)

Gold

Range: 51150 - 50500

Our Preference: Sell Gold 50975 for target 50650 & 50460 with back up sell 51100 SL only above 51150+

Alternative Scenario: Buy Gold 50460+ for target 50850 SL 50360

Silver

Yesterday, Silver has break its range of 61500 after a 5 days which indicates will move downside till 60600 & more.

Range: 61500 - 60200

Our Preference: Sell Silver 61500 target 60600 & 60200 With SL only above 61850+

Trading Zone

60600 Buy @ 1st stroke with SL 150 POINT

Pricing

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