Daily Bullion Report for the Day 28th Feb 2023

Fundamentals for he Day

7.00 pm Goods Trade Balance

Prelim Wholesale Inventories m/m

7.30 pm HPI m/m

8.15 pm Chicago PMI

8.30 PM CB Consumer Confidence

Richmond Manufacturing Index

International Market is running very Choppy since last 2 days.

Downside is a very limited by 1796$. USDINR is expecting little stronger

Gold

Range: 55250 - 55780

Our Preference: Buy Gold 55250 for target 55500 & 55780 with SL 55125

Alternative Scenario: Buy Gold 54950 for target 55480 with SL 54820

In both option we gave a buy signal

As per COMEX 1813$ is a small buy support .. but below 1809$ its 1796$ buy only.

Trading Zone

55550 Sell for session

55780 Sell for the Day

Maintain SL of 100 point for both Trade

Silver

Range: 63300 - 64500

Our Preference: Buy Silver 63300+ for target 64100 with SL 63000

Alternative Scenario: Sell Silver 64450 with SL 64700+ for target 63500

Silver Expiry today in MCX

COMEX Silver buy point @ 19.67$ which is a good buy Current price is 20.67$.

Pricing

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