Bullion Report 10 Jan 2020

Bullion Report 10 Jan 2020

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Latest Updates
  • Gold is trying to cool off now after the Big event & based on US IRAN WAR high volume
  • Trump said he may or may sign the Phase 1 deal on 15th Jan or later.
  • So still there is no confirmation for the signing deal on the ate of 15th Jan. Which may drag Gold to upside more again.
  • 7 pm Non Farm will declare on 1st Friday of the month which is expected -tive for US Dollar & Positive for Gold.
  • So 40150 to 39378 will be bigger range may be till next week is expected.
Today IMP Events
  • 7.00 PM Average Hourly Earnings m/m
    • Non-Farm Employment Change
    • Unemployment Rate
Gold 
 
Range: 40150-39378
 
Our Preference:Buy Gold near 39378+ target 39951 SL below 39277
 
Alternative Scenario: Sell Gold 40114 for target 39378 with SL 40215+
Interim Trading Zone
 
39880 Sell @ 1st stroke

 

40114 Sell @ 1st stroke

 

40450 Sell @ 1st stroke
Below 39378 the next gate open for 38613


Keep the SL of 40 point for above levels for jobbing purpose

 
Silver 

 

Range: 46161-47550
Momentum Call: Sell Silver  47132 target 46600 SL 47235
Our Preference: Buy Silver 46162 target 46990 & 47500 with SL 45862
  

Alternative Scenario: Sell 47600 target 46950 SL 47800+

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