Daily Bullion Report for the Day of 14th Aug 2024

Gold is trading at all time high in SPOT COMEX 2483.8$ as weak US Dollar & Treasury Yield along with weak PPI Data
US Dollar Index is trading @ 102.46$ where its support arrive @ 101.90$
Israel Vs Iran war is effect is no more its just rumors nothing more as we mention earlier also.

Fundamentals for the Day

6.00 Core CPI m/m

CPI m/m

CPI y/y

8.00 pm Crude Oil Inventories

Gold

Range: 71100 - 69374

Our Preference: Sell Gold 70900 wid back up 71100 target 70257 for intraday with SL 71150+ only if sustain

Weekly Trader will sell Gold 70700 wid back up 71100 target 69375 with SL only apply above 71200+ if sustain

COMEX Gold upside apply only above it's life time High 2485$+ for Buy till target 2520$

Those who have previous sell position from lower level they will maintain sell position wid the Stop loss we mention today.

We expect By Friday it should touch 69000 again.

Trading Zone

70700 Sell start for the Day

70920 Sell for the Session

71100 Last sell for the Week

Silver

Range: 82771 - 78250

Our Preference: Sell Silver 81600 target 80250 & 78250 with SL 81900

Alternative Scenario: Sell Silver 82771 for target 78250 with SL 83000+ only if sustain

Pricing

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