Cryptocurrency Prices by Coinlib

Daily Bullion Report for the day of 29th Nov 2023

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  • Yesterday, 
  • Fed governor Chris Waller says on rate cuts: "If you see this [lower] inflation continuing for several more months, I don't know how long that might be—3 months? 4 months? 5 months?—you could then start lowering the policy rate because inflation's lower."
  • In case it wasn't obvious, there is little appetite even among some hawks for a Fed hike at the next meeting. Fed governor Chris Waller erases any doubt about this in remarks Tuesday indicating the Fed will extend its rate-hike pause into early 2024.
  • Fed's Waller: Increasingly confident policy is well positioned
Impact: As we see Gold move & cross 2020$+ where we mention Buy gold for upside move till 2044$. 
Now today Gold's upside move's may be the last day.
We prefer selling side on Gold maximum By tomorrow afternoon.

Gold 

Range: 63100 - 61250

Our Preference: Sell Gold 62950 = 1952$ in spot target 62150 & 61500 with SL 63150+ only if sustain ( Holding Position)

On upside If Gold come around 2070$ = 63400 around Again sell on the same price with risk apply only above 63650+ for the same target 62150 & 61500 

Silver 

Our Preference: Sell Silver 75500 with SL 75850+ for target 74000 & 73000 

Alternative Scenario: If cross 75850+ then Sell again Silver @  76550 for same target 74000 with SL 76850+


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