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Cryptocurrency Prices by Coinlib

Daily Bullion Report for the Day of 8th Oct 2024

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Fundamentals for the Day


No Major Data for the Day

  • Effect of Israel War has been reduce on the market as of now .
  • As we see war is on its top but apart from that also Gold is pursuing to be in range bound rather than move & cross 2685$ 
  • which indicates any further development or escalation is not there in the war will melt down gold downside till 2615$ & 2570$ 

Gold 

Range: 76550 - 75500

Our preference: Sell Gold 76550 target 75650 with SL 150 point 

Alternative Scenario: Buy Gold 75550+ target 76150 with SL 75400

Trading Zone 

76150 Sell with SL 100 point

Silver 

COMEX Future Silver has a support @ 31.25$ it is waiting to cross & sustain below that target is 30.0$ 

Range: 90200 - 93200

Our Preference: Sell Silver 93250 target 90500 with SL 350 point 

Alternative Scenario: Buy Silver 90250 target 92150 with SL 89850

Trading Zone 

89750 Breakout Sell for target 87450

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