Bullion Report Update of 14th Dec 2022

Inflation data got a positive of USA 7.1% vs 7.7%, monthly & yearly in both data Inflation get reduce this indicates the Fed is getting successful on the plan of reduce inflation, where it goes very positive impact on Bullion. Gold take a spike of 1831.6$ @ 7.01 second in MCX Gold spike was @ 55047 Rs from 54400 this kind of move is execute by syndicate only. On upper side Gold March 2022 high was 55,558, which makes it double top from here.

Range: 55276 - 53570

Our Preference: Sell Gold 1848$ = 55276 around for target 54200 with risk apply only above 55476+ if sustain then only

                            Any upside break out apply only above 55576+ not before that.

Alternative Scenario: Buy Gold 53550+ fort target 54300 with SL only below 53400

54550 Buy @ 1st stroke SL 80 point

54290 Buy @ 1st stroke SL 80 point

Range: 69500 - 66920

Our Preference: Sell Silver 69200 with risk only above 69800+ for target 66920 & 64500.

                           Upper side breakout apply only above 70000+ or 24.40$+ which open the gate of 26.46$