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Daily Bullion Report for the Day of 22nd April 2024

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Fundamentals for the Day 

No major fundamentals for the Day

  • US has clearly mention that no support will be given as of now to Israel there is more attack or reply to Iran
  • This will not damage to Bullion as of now so we believe no more Bull run as of now apart from any Big War news in support of Israel
  • This war is goes just like Russian vs Ukraine not anything else
  • Whichever upside spike or jump will only for Sell position.
  • Gold has open for its target 69500 as of now.
  • As we have mention already for sell Gold 73158 in our previous 2-3 reports for positional trade will open the target as it is where short term target achieve which as 71725 now next target is extended till 69500.
  • Rest will update on What's App - 7046379799 Broadcast 
  • Send 'Bullion Live' for latest update -on 7046379799   

Gold 

Range: 72406 - 71258

Our Preference: Sell Gold 72400 target 71725 & 71258 with SL 72600

Alternative Scenario: Sell Gold 72861 with SL 73000+ target 71750 & 71258

Trading Zone 

72206 Sell for momentum Maintain SL of 100 point

71258 Buy for the moment SL 70 point

Silver 

Range: 82927 - 80238

Our Preference: Sell Silver 82927 target 80300 with SL 83200+ only if sustain 

Alternative Scenario: Sell Silver 82382 for target 80300 with SL 82600+ only if sustain

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