COMEX Daily Bullion Report for the Day of 30th May 2023

Fundamentals for the Day

6.30 PM HPI M/M

S&P/CS Composite -20 HPI y/y

7.30 PM CB Consumer Confidence (Expected Positive For Bullion)

There is a premium of 19$ around in Gold in new contract.
There is Good support arrive @ 1937$ in OLD contract
Gold New Contract supported at 1955$ which is a Good buy point where we expect a Bounce from 1955$ entry point towards 1977$ & 1999$ in Future.

Gold

Range: 1955$ - 1977$

Our Preference: Buy Gold 1956.5$+ target 1977$ & 1999$ with risk apply only below 1951$ if sustain.

Alternative Scenario: Sell Gold 1999$ with SL 2005$+ for target 1977$ only.

Intermediate Trading Zone

1977$ Sell With SL 1982$ for target 1966$

Silver

Range: 23$ - 23.87$

Our Preference: Buy Silver 23$ for target 23.87$ with SL 22.80$ below only target may completed by tomorrow night.

Alternative Scenario: Sell Silver 23.87$ for target 23.36$ with SL 24.07$+

Pricing

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