Daily Bullion Report for the Day of 31st Jan 2025

Fundamentals for the Day

7.00 pm Core PCE Price Index

Employment Cost Index q/q

FOMC Member Bowman Speaks

Personal Income & Spending m/m

8.15 pm Chicago PMI

Silver

Range: 32$ - 33.32$

Momentum Call: Sell Silver @ 32.90 SL 33.05 target 32.45$

Our Preference: Buy Silver @ 32$ target 32.90$ & 33.60$ with SL 31.70$ only below if sustain

Alternative Scenario: Sell Silver 33.61$ with SL 33.91 target 32.50$

Trading Zone

33.05$ Buy stop for 33.50$

32.90$ sell with SL 33.05$

Gold Future (Future)

Range: 2865 - 2807

Momentum Call 1: Buy Gold 2829 SL 2825 target 2860$

Session Call 1 : Buy Gold 2809 SL 2805 target 2845$

Our Preference: Sell Gold 2865 target 2826 & 2807 with SL 2871

Alternative Scenario: Buy Gold 2872$+ target 2924 with SL 2864 below only if sustain

Pricing

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