Daily Bullion Report for the Day of 26th April 2024

Fundamentals for the Day

6.00 pm Core PCE Price Index m/m

Personal Income m/m

Personal Spending m/m

7.30 pm Revised Consumer Sentiment

Revised UoM Inflation Expectations

Yesterday,

Gold made a high of 71580 after crossing 71400.
US GDP has been declared 1.6% previous was 3.4% which was -tive for US Dollar & +tive for Gold @ 6 pm
It made high of 71351 & make a low of 70805 between 6 to 6.30 pm & new High made between 8 to 8.30 pm 71580
Technically it has cross 71200 successfully now will try to touch 71768.

Gold

Trend: Down

Strategy: Sell on Rise

Range: 71165 - 71768

Our Preference: Buy Gold 71200 with SL 71050 target 71768

Alternative Scenario: Sell Gold 71768 for target 71291 with SL 71900

Trading Zone

71100 Sell Stop with SL 100 point

72100 Last sell for the Day with SL 100 point for target 71300

Silver

Range: 81393 - 79500

Our Preference: Sell Silver 81393 with back up sell 81836 for target 79500 with SL 82000+ only if sustain

Trading Zone

80191 Buy with SL 200 point

Pricing

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