BULLION REPORT 2 JUNE 2020

BULLION REPORT 2 JUNE 2020

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Latest Updates
  • US Riots are on high alert after the death of George racism has increase in USA supported by Canada also
  • Protest looted the Big brand show rooms in more than 40 states in USA
  • Hongkong protest increasing day by day
All this will drag Gold upside till 1780$ around in short time.

Gold

Range : 47980-46800
Momentum Call: Buy Gold 46865 target 47000 SL 46790
Our Preference: Buy Gold 46625 for target 47250 & 47550 with SL below 46550
Alternative Scenario: Sell Gold 47350 add on 47500 for target 46900 with SL 47555
Fundamentals of the day
No major EXPECTED DATA  is available
So due to low volume & 2 side market confusion it is trading in the sideways zone but at the end of the day Gold will remain upside view only
Silver
Range: 49150 – 51500
Our Preference: Buy Silver 49200 for target 51000 with SL 48800
Alternative Scenario: Sell Silver 51500 for target 50500 with SL 51850
Momentum Call: Buy Silver 49770 for target 50400 SL 49600
We prefer to remain Buy

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