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Cryptocurrency Prices by Coinlib

Daily Bullion Report of the Day 23rd March 2023

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Yesterday,

  • Gold made a low of 58462, where positional buy in Gold @ 58750 was intact stil with target 60,069 still apply. 
  • Day before yesterday we have given this call but market did not gave same night closing & 2nd day opening below 58750 which indicates Gold will move upside with base price buy 58750 towards target 60,069 only.
  • Silver has not very high volume because of that for the moment 69000+ silver is a good buy if cross 70000 psychological point then will touch 71000 around.
  • As per Time Trading ideal Buy time will be post release 5.30 PM GBP interest rate or near about will give a speed to market which will make a good money.
Fundamentals for the Day

5.30 pm GBP Interest hike decision 
6.00 pm US Unemployment Claims 
                     Current Account
7.30 pm New Home Sales

Gold 

Range: 58750 - 59850

Early Buy @ 59150 with SL 59040 target 59450

Our Preference: Buy Gold 58750+ target 59450 & 59850 with SL 58600

Alternative Scenario: Sell Gold 59850 with SL 60000 for target 59150

Interim Sell: 59470 with SL 59550 target 59250 (apply till 5.30 pm only)

Silver 

Range: 69350 - 71150

Our Preference: Buy Silver 69050 + target 71000 with SL 68800 below if sustain 

Alternative Scenario: Sell Silver 71000 with SL 71450+ target 69350

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