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Daily Bullion Report for the Day of 12th April 2024

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  •   Driving the news: Iran has publicly vowed to 'punish' Israel for the assassination of Brig. Gen. Mohammad Reza Zahedi, a top Iranian Quds Force general in charge of Iran's military operations in Lebanon and Syria

    ·          Iran is determined to respond to Israel's bombing of its consular building in Damascus last week,
    o    an Iranian attack on Israel over the strike in Damascus which killed a senior general could lead to regional escalation.

    Scoop: Senior U.S. general to visit Israel to coordinate on Iran attack threat

  •  Now in normal scenario: Israel will or may take a revenge of its Senior General's killed by Iran with the help of US & other Counterparts. So red signal 's  are alert as on time when Israel is ready to do but it may take a week or month also which give Bull side stretch for Bullion & Commodities as well but this will take a time as per the alert news.


Fundamentals for the Day 

7.30 pm Prelim UoM Consumer Sentiment
              Prelim UoM Inflation Expectations
12.30 am FOMC Member Bostic Speaks
01.00 am FOMC Member Daly Speaks 

COMEX Gold has arrive 2420$ almost 

Gold

Range: 72750 - 70500

Our Preference: Sell Gold 72750 target 71614 (Immediate Target) extended 70500 with SL 72950+ only if sustain 

Positional Sell 72750 add on 72950 with SL 73200 1st target 70500.

73200+ ONLY Buy position will initiate for next bull Run not before that

Silver 

Range: 86000 - 82000

Our preference: Sell Silver 85750 & 2nd sell 86050 with SL 86300+ for target 82000

As per COMEX Sell Silver future @ 29.55$ with SL 29.80$+

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  • Half Yearly 81000/-

  • Yearly 150000/-

Daily Forex Report

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  • Yearly 851$

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Daily Crude Report

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  • Half Yearly 333$

  • Yearly 600$

Weekly Crude Report

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