As soon as Wednesday, the Biden administration will announce sanctions on
Sberbank, Alfa Bank, Putin's daughters
- Sberbank, Russia’s largest bank
(furthering sanctions imposed last week) - Alfa Bank, one of Russia’s largest
private lenders - Vladimir Putin’s two daughters (EU also considering this move
- George: 50
basis points will be option we have to consider
- Dollar Index trading @ 99.58, Bond Yield rise & trading @ 10Y 2.61, 2Y 2.585
- USDINR yesterday touch 75.26, it strong from 76.50 to 76.26, where 1Rs = 500 move in mcx gold, which cause comex gold trading @ 1948$ yesterday but mcx gold touch only 51777 rather than 52200 due INR.
- Gold trend is up, on the opposite side dollar index-bond yield & immediate action on hike interest rate by 50 basis point try to pressure on gold which cause the choppy market in GOLD.
- Above all parameters shows gold may take a short dip to bounce back & will successfully cross over 1955$ in coming days soon.
Silver bottom out point @ 23.64$ while Gold has bottom out point @ 1890$.
Silver MCX bottom point @ 63891 & MCX Gold @ 50700.
How to trade in such a scenario for positional trader ?
- Silver should buy @ 24.10$ with back up buy @ 23.63$ any risk will apply only below 23.45$ is sustain.
- MCX Silver buy @ 65300 with back up buy 63890 for upper side target 70,000 & 73,000.
- MCX Gold buy around 51251+ with back up buy 50770 for target 52200 & 53286.
Above trades are only apply for positional trader only & profit booking or rotation of position will be given by our broad cast system if you are added on Whats app group - you will receive all other latest updates & changing of any position due to break news or events. Whats app no: +91 7046379799
Yesterday, as per our report Gold works under trading zone only, where sell given @ 51750 buy given @ 51350.
Range: 51000 - 51800
Our Preference: Buy Gold 51117+ for target 51770 with SL only below 50970
Alternative Scenario: Sell Gold 51900 with SL 150 point for target 51251
51580 sell with sl 70 point
50900 sell stop with sl 90 point
Range: 65200 - 67000
Our Preference: Buy silver 65200+ for target 66500 with SL only below 64910
Alternative Scenario: Sell Silver only below 64900 for target 63900 with SL 300 point
66500 sell @ 1st stroke with SL 200 point