Daily Bullion report update of 9th June 2022

Gold is trading in very thin volume with a small trading zone.As per COMEX gold its resistance @ 1858$ on downside it has a support @ 1831$ but its unable to touch near by it.
Dollar Index is trading @ 102.61$ which is increasing which will impact on Gold little downside, but since last 4 days its do not moving theoretically.
Positional Trader has to wait for a good buy position.

Gold

Range: 51195 - 50600

Our Preference: Sell Gold 51190 for target 50850 on a lower volume 50700 on higher volume with SL only above 51350+

Alternative Scenario: Buy Gold 50700+ for target 51050 with SL only below 50590

Trading Zone

50900 buy with SL 80 point

Silver

Range: 61500 - 6290

Our Preference: Buy Silver 61500+ for target 62250 with SL only below 61250

Alternative Scenario: Sell Silver 62900 with SL 63150 for target 61500

Trading Zone

62250 Sell for the session with SL 150 point

61250 if Cross then only up again Sell @ 61500 with 150 point for target 61050 & 60600

63150 or 22.55$ is the break out buy point for the week in Silver

Pricing

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