- Israel news update
- Israel's Central Bank Moves to Support Shekel
- Israel's central bank said it planned to sell up to $30 billion in foreign currencies to stabilize the local currency.
- The bank will also provide an additional $15 billion in liquidity to the market through SWAP mechanisms
- Effect: US Dollar will get little cheaper in compare to other currencies this will make stronger bullion.
- US Bank Holiday Today
ISRAIL vs Hamas was is on which cause upside move in Gold today morning as COMEX Gold open @ 3.30 AM Gold open with high of 1869.5$ & Silver High was 22.18$.
Now if we look @ the open position - operators are still in sell position only even though this WAR has begun.
Gold
Range: 57550 - 57000
Our preference: Sell Gold 57500 target 57100 with SL 57650
COMEX Gold has a good resistance @ 1870$ with a trend line, as well as short term oversold also get cleared.
any move above 1885$ will break out point from where Gold will complete its bearish zone, but before that it will continue its bearish zone
Silver
Range: 69426 - 65000
Our Preference: Sell Silver 69250 around with SL apply only above 69700+ for target 68000 on short term & 67000 on 1-3 dys holding
Any breakout apply only above 70000+ above only & sustain
As per COMEX 22.32$ IS A GOOD resistance in future.