COMEX Bullion Report of 2nd Oct 2023

Fundamentals for the Day

7.15 pm Final Manufacturing PMI

7.30 pm ISM Manufacturing PMI

ISM Manufacturing Prices

Construction Spending m/m

8.30 pm Fed Chair Powell Speaks

FOMC Member Harker Speaks

Under this Report all trades are for Future Gold & Silver only -

Gold

Range: 1850$ - 1885$

Our Preference: Buy Gold 1850$ for target 1880$ with SL only below 1943$

Alternative Scenario: Sell Gold below 1842$ for target 1806$ with back up sell 1850$ with SL of 3$

Gold has a very Good support @ 1850$ which may take 1st bounce of 35$ from here only

Silver

Silver has a very good support @ 21.75$ from where it can take a very good bounce

Range: 21.75$ - 22.50$

Our Preference: Buy Silver 21.75$ target 22.40$ with SL 21.52$ below only

Alternative Scenario: Sell Silver below 21.52$ target 21$ with SL of 0.20 Cents

Pricing

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