Bullion report update of 26th April 2022

Posted by Tradelinecapital
26 Apr 2022 10:09:27 AM

Dollar Index trading @ 101.57 - Yesterday High 101.77.
US Dollar has strength vs 6 major currencies which cause upside fro Dollar Index.
US Fed interest rate hike next week on 4th May 2022. Expected rate is increase by 0.50 basis point.
Effect is almost 80$ to 90$ down on Gold. But gold has given all its impact in advance by almost 110$ down, wheere its 2003 High & low 1891.8$

Technical View:

Gold has a bottom point 1890$ & MCX has a previous low 51251 where it will try to make a double bottom so trader will make a good buy position on this rates
Now Gold will up from 1890$ to 1924$ & will trade in between till 29th April.
It will remain under pressure due to Fed interest rate hike but on the opposite a war is on, Safe heaven is only Gold, hedge fund & all has started Buy Gold below 1900$ again.
Any down side position is only below 1875$. Its stop sell on break out.
MCX has a Break out sell @ 51100 below only.

Yesterday

Our Buy Call activate which will continue .. all trader will carry their Buy position in Gold

Gold

Our Preference: Buy Gold 51350+ for target 51982 with SL 51200 below only IF sustain.

Alternative Scenario: Sell Gold 52014 with SL 52150 for target 51550.

COMEX Gold is buy from 1890$+ for target 1924$ where again a short sell will arrive.

Silver

Our Preference: Buy Silver 63900+ for target 64900 with SL 63590.

Silver is still in under pressure + Expiry days are on so we will wait fr positional Buy in Silver till 29th April. Buy rate is 23.63$ in Silver only Buy point & exit buy only below 23.33$ which will take it down till 22$ in a week.

But just be on Buy side we will prefer in Gold & Silver both.

Pricing

Daily Bullion Report

Quarterly 25000/-
Half Yearly 44000/-
Yearly 81000/-

Weekly Bullion Report

Quarterly 51000/-
Half Yearly 81000/-
Yearly 150000/-

Daily Forex Report

Quarterly 251$
Half Yearly 444$
Yearly 851$

Weekly Forex Report

Quarterly 300$
Half Yearly 551$
Yearly 1001$

Daily Crude Report

Quarterly 200$
Half Yearly 333$
Yearly 600$

Weekly Crude Report

Quarterly 251$
Half Yearly 444$
Yearly 851$

Weekly Crypto Report

Quarterly 200$
Half Yearly 333$
Yearly 600$

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Bank Details:

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

Bullion report update of 26th April 2022

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