Bullion REPORT UPDATE OF 17TH FEB 2021

Bullion REPORT UPDATE OF 17TH FEB 2021

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  • COMEX Gold future is trading under the discount compare to SPOT Gold.
  • US Equities are trading on life time high.
  • As of now all countries economies are moving normal in
  • On downside try to pressure in Gold but itsheavily difficult cause of based has built up near 1780$.

Gold

Range: 46650 – 47500

Our Preference: Buy Gold 46650+ = 1787$ for target 47450 with SL below 46500 = 1778$.

Alternative Scenario: Sell Gold below 46500 for target 46200 & 45561 with SL 46700+

Silver

Range: 67650 – 71000

Our preference: Buy Silver 68000 add on 67500 for target 70800 with SL only below 67500

Alternative Scenario: Sell Silver 71000 for target 69000 with SL only above 71500

 

 

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