Daily Bullion Report for the Day of 29th Dec 2023

Today is the Last day of the year for trading session

Yesterday, Gold touch 63821 where we mention to move around 63900 as per early report, as per COMEX 2102$ was the target where it touch 2098.20$ & move back
If we are looking at the OPEN Interest of Gold is still bullish for Gold
Dollar Index is trading on 100.84$ which is still weaker which indicates Buy position
So we prefer to positional buyer take a long position only.

Fundamentals for the Day

8.15 pm Chicago PMI

Gold

Range: 62974 - 63640

Our Preference: Buy Gold 62974+ target 63600 with SL 62800

Alternative Scenario: Sell Gold 63600 with SL 63750+ target 63150

Silver

Range: 73640 - 75300

Our Preference: Buy Silver 73640 target 74600 with SL 73200

Alternative Scenario: Sell Silver 74900 with SL 73200+ for target 73700

Trading Zone

74600 Sell for session 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