Gold silver report

 CUSTOM DUTY HIKED ON GOLD, SILVER ARTICLES 💥Tax Proposals in thr Finance Minister speech in Budget 2023* *Indirect Taxes* 1. Customs duty on goods of textiles, toys, bicycle reduced from 21 to 13% 2. To promote Green Mobility - basic customs duty concession for lithium ion battery 3. To promote Electronics manufacture- relief on customs duty for camera lens and lithium battery   4. Television - TV panels customs duty reduced 5. Electric kitchen chimney to reduce inverted duty structure from 7.5 to 15 percent 6. Benefit for ethanol blending program and acid program and epichlorohydrine 7  Marine Products- to promote exports - shrimps, etc. Duty on shrimpfeed reduced 8. Basic Customs duty reduced for seeds in manufacture for diamonds 9. Customs duty to increase in silver bars 10. Steel - concessional customs duty on  steel and ferrous products  11. Copper - concessional customs duty on copper 12. Rubber - concessional customs duty on rubber 13. Cigarettes - increased tax  *Direct Taxes

Expectation of 50 bps point hike in interest rate Traders will now focus on the Fed meeting a day later. A 50 bps point hike in interest rate is expected. The directory made a new multi-month high around the 55000 level. On the daily chart, the momentum indicator, RSI, is trading above the 60 level and the price is trading above the 20 and 60 days EMA, which is positive for the indicator.

 👆फेड उम्मीद से मिलते हैं:: फेड ने मंगलवार को दो दिवसीय बैठक शुरू की, जिसमें वायदा व्यापारियों के मूल्य निर्धारण में 75 आधार-बिंदु वृद्धि की 83% संभावना और 100 बीपीएस कसने की 17% संभावना थी, ”रायटर ने कहा। समाचार येलो मेटल की कीमत पर सकारात्मक आश्चर्य के लिए बढ़ती कॉल में शामिल हो गया। वैश्विक अर्थशास्त्री नूरील रूबिनी फेड की 1.0% दर वृद्धि के लिए समर्थकों की लीग में शामिल हो गए और पिछले दिन धातु भालू का समर्थन किया। फेड फंड्स फ्यूचर्स ने आज के एफओएमसी से 100bp की दर में बढ़ोतरी की संभावना को 19% आगे रखा है।  A +100bps एक रिस्क-ऑफ मार्केट मूवर हो सकता है: स्टॉक्स और गोल्ड डाउन, डॉलर अप जबकि +75bps का एकल-अवधि के लिए बहुत अधिक प्रभाव नहीं हो सकता है, पॉवेल प्रेसर और नए पूर्वानुमानों को अधिक महत्व देना view - $ 1650 से नीचे की कोई भी सफलता भालू को 1620 डॉलर तक सोना कम करने के लिए ताजा गोला-बारूद देगी लेकिन $ 1700 से ऊपर का उल्लंघन सोने को 1725-30 डॉलर तक ले जाएगा। सेफ ट्रेडर्स किसी भी ओवरनाइट पोजीशन को ले जाने से बचें।

FOMC Meeting minutes Plans for Reducing the Size of the Balance Sheet Participants generally agreed that monthly caps of about $60 billion for Treasury securities and about $35 billion for agency MBS would likely be appropriate Fed has decided to reduce its Bond buy from $120 Billion to $95 Billion reduction by $25 billion. Effect: Supply side will increase in stock market in compare to demand which will reduce cash flow in economy, this will impact negative on US Indicies & couple of stocks but positive for US Dollar as a currency, positive for T-Bond, simultaneously highly positive for Bullion. Only negative point for Bullion is to increase an interest by 25 to 50 basis point but this decision will be taken in the month of May, so there is a high probability that Bullion may take upside in next 24 hours hours based on this. EU & US are preparing for new sanctions on Russia US& SPR (Strategic Petroleum Reserve) decided to release about 180million barrel in the market which

 View:: Gold Price: ⚠️Russia is partially cut off from the SWIFT system. In such a situation, Russia will have to sell some part of its massive gold reserves, which can put pressure on the prices. In such a situation, the coming days for the gold market can be very volatile Impact- (1860$ - 2000$)  Sell zone: 1992$-94$ For -1908$ If break & sustain below -1908$ next 1880$\1860$ Gold :: 52500-800good levels to sell booking profit💰 & fresh sell 💥:-If u want exact entry ( intraday & positional ), levels, SL & Target  Subscribe our plan & be a member . Subscription plan: 👇 Weekly subscription : 2000₹💥 Monthly subscription:  6000₹💥 Quarterly subscription : 14000₹💥 Half yearly subscription: 22000₹💥 Interested person ping me on  C.care:📱8604995101 wts up or text or call, (G.pay ,P.pay, pay tm , or a/c transfer acceptable ).💥              { Investment idea }     Smart Investment big return                📲8604995101

 Crude oil can touch:: 7400/7600/7800/8000 In coming dayes  Support: 6800 Resistance:7333 Buy zone- (7150) 🏃 📲8604995101