BULLION REPORT 10 DEC 2019

BULLION REPORT 10 DEC 2019

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Latest Updates
7.00   PM Revised Nonfarm Productivity q/q
10.31 PM 10-Y Bond Auction
It seems that Gold is waiting for 2 Bigger announcement.
1. Federal Fund Rate + FOMC Meeting on Thursday.
2 15th December Deadline of Announcement by President TRUMP for Tariff levied on China By USA or Not.
Till the time Gold will be in its old range only.
 
Buy Gold 37450+ back up add 37300 target 38200 SL 37199.
Gold
 
Range: 38200-37450
 
(USDINR 70.93Rs  While making of report + comex spot price 1463$)
 
Our Preference: Buy Gold 37450+ target 37800 SL 37345
Alternative Scenario: Sell Gold @ 37848 target 37550 SL 37961

Trading Zone
 
Momentum Call
 
Sell Gold 37600 target 37510 SL 37651
Holding Trader : Continuous Position in Gold with Multiple Lots for Positional Strategy: Buy Gold 37480 add 37300… Rotate with 200 booking point
Silver

 
Range: 43270-44500
Our Preference: Buy Silver 43300 target 43800 & 44150 SL 43050
Momentum Call: Sell 43850 target 43500 SL 43950

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