Daily Bullion Report for the Day of 23rd Aug 2024

Fundamentals for he Day

5.30 pm FOMC Member Bostic Speaks

7.30 pm Fed Chairman Powell Speaks

10.0 pm FOMC Member Goolsbee Speaks

10.45 pm & 11.45 pm Goolsbee Speaks

Yesterday,

Gold move down from Life time High 2532$ & 72272 to 2470$ & 70894.

Based on Low volume upside like a parking money in Gold by investor which takes it like that with a last stage of upside.

Gold

Range: 71858 - 70325

Morning Sell: Gold 71582 with SL 71700 target 71150

Our Preference: Sell Gold 71858 with SL 72000 for target 71150 & 70325

After Yesterday's sell target of 70325 will be touch on Tuesday or Wednesday

Which means on Friday & Monday market will be in a particular rangebound.

Alternative Scenario: Buy Gold 70325 with target 71200 SL 70200 ( For Tuesday)

Trading Zone

70900 Buy with SL 100 point

Silver

Range: 83200 - 85527

Our Preference: Sell Silver 85527 target 83500 with SL 85890

Alternative Scenario: Buy Silver 83350 target 84500 with SL 83100

Pricing

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