Cryptocurrency Prices by Coinlib

Daily Bullion Report for the Day of 13th Aug 2024

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Fundamentals for the Day 


6.00 Core PPI m/m
        PPI m/m
10.45 pm FOMC Member Bostic Speaks  

  • Iran Israel war has got much tense since last 48 hours based on this Gold is trading as a safe heaven buying If this WAR happens.
  •  As of now there is clash into the Iran parliament is self. China Declare his support to IRAN Yesterday. 
  • If IRAN Directly attack on the Israel in that scenario US has ready its WAR ships into the middle east sea to support the Israel. But its merely 10% chances of Direct war by IRAN or attack to Israel. 
  • Gold has cross its resistance but upside is getting very power is very low.
  •  On Wednesday now Gold will move as per the CPI data on Wednesday.

Gold 

Range: 71065 - 69722

Trend: Till tomorrow Up side
           After CPI - Downside till weekend 

Our Preference: Sell Gold 71065 target 70250 & 69722 with SL 71200+ only if sustain

Alternative Scenario: Buy Gold above 71270+ target 71731 with SL 150 point

Trading Zone 

70731 Sell SL 70810

Silver 

Range: 82771 - 78250

Our Preference: Sell Silver 81650 target 80250 with SL 250 point 

Alternative Scenario: Sell Silver 82771 target 80250 & 78250 with SL 300 point   

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