Daily Bullion Report for the Day of 21st Nov 2023

Fundamentals for the Day

8.30 pm Existing Home Sales

12.30 am FOMC Meeting Minutes

Yesterday,

Gold made a low of 60356 where we place a Buy @ 60480 & touch the target in morning opening of 61000
Silver could not make out buy execute of 71500 as it made a low of 72000 & move back upside

Gold

Range: 61200 - 60450

Our Preference: Sell Gold 61190 target 60600 with SL 61290+ only if sustain

Alternative Scenario: Buy Gold 60480 with SL 60350 below only if sustain for target 60925

Jobbing Buy

60857 Buy @ 1st stroke SL 70 point

Breakout Point

60320 Breakout Sell
61350 Breakout Buy

Maintain SL of 100 point in both the scenario

Silver

Range: 73700 - 71500

Our Preference: Sell Silver 73700 target 72500 & 71500 with SL 74150

Alternative Scenario: Buy Silver 71500+ target 72800 with SL 71150

Breakout Point

74600+ Breakout Buy

Maintain SL of 250 point in above Breakout

Pricing

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Cash
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