BULLION REPORT 8 JAN 2020

BULLION REPORT 8 JAN 2020

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Latest Updates
    • A new wave of ballistic missiles launched now from Iran
    • Iran attack dozen Missiles on US base camp on IRAQ
    • Iraq claimed 80 members of US has been killed.
    • US has not comment anything on that.
    • Trump will speak today IN EVENING on US-IRAQ
    • 1565$ is a crucial support For Gold from where it may drag till 1638$. Below 1560$ only it can move down till 1533$.
Gold
 
Range: 40150-41600
 
Our Preference:Buy Gold near 40150 target 41200 & 41600 SL below 39990
In the current scenario Gold is fully move on all the IRAN – US statement + Trade deal ad other calls so be cautious and trade as per your funding capacity only. Don’t increase your lots forcefully else the result is damage your own capital.

Trading Call
Buy Point 40746 target 40950 SL 40680

Buy Point 40529 target 40900 SL 40450
Sell Point 41055 target 40800 SL 41130

COMMENTS

Still the Gold has a space to touch 41600 anytime with base of 40150. If it break then only it can move downward till 39378.
GOLD UNDER TONE IS VERY BULLISH – Over and above 41600+ will open the gate of 45000, This target we have given by November 2020.
Silver

Range: 47000-49250
Momentum Call: Buy Silver  48062 target 48500 SL 47900
Our Preference: Buy Silver 47562 add @ 47262 target 48500 & 49250 with SL 46050

Alternative Scenario: Sell 48650 target 47900 SL 48800

 
COMMENTS: Silver has cross 18.21$ & up for target 18.87$
MCX Silver has a base level @ 47300 now for upside target 49500

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