Daily Bullion Report for the Day of 23rd Dec 2022

Today is the last day before Christmas Vacation

Fundamentals for the Day

7.00 PM Core PCE Price Index

Durable & Core Durable Goods Order

Personal Income & Spending m/m

8.30 PM New Home Sales

Revised UoM Consumer Sentiment

Revised UoM Inflation Expectation

(More movement expected @ this data )

Gold

Range: 54437 - 54986

Our Preference: Sell Gold 54830 for target 54437 with back up sell 54986 SL 55050

Alternative Scenario: Buy Gold 54430 target 54800 with SL 54300

Break out sell on Gold is 54200 for target 53650

Trading Zone

54680 Sell start for the day SL 70 point

Silver

Range: 69575 - 67333

Our Preference: Sell Silver 69575 for target 68500 & below 68200 next target 67333

Alternative Scenario: Buy Silver 67333+ for target 68500 with SL 66900

Trading Zone

69245 Sell starts for the Day SL 100 point

68400 Buy for Momentum SL 100 point

Pricing

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