BULLION REPORT 8 JUNE 2020

BULLION REPORT 8 JUNE 2020

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GOLD

Range:-46370-45250

Trend:- Positive

Momentum Call:- Sell Gold 45990 for the target 45790 with sl 46090

Our Preference:- Sell Gold 46350 for the target 45550 with sl 46490

Alternative Scenario:- Buy Gold 45350+ for target 45900 with sl 45200

Friday Non Farm Data was tremendous negative for gold which cause down for bullion

Comments:- Gold is still in the range bound market . As we mention Gold will remain  in buy with bottom our Buy 44750 with sl 44500. Because at the end of the day trend remain  positive for bullion.

 

SILVER

Range:– 48270-46000

Our Preference:- Sell Silver 48270 for the target 47250 with sl 48600

Alternative Scenario:- Buy Silver 48650+ for target 49065 with sl 48350 and again sell at 49065

Silver has  a bottom level with conflict between price 44500 and 45800 from where it will bounce  back  and  cross its  latest price 51500+

 

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