BULLION REPORT 15 JUN 2020

BULLION REPORT 15 JUN 2020

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Latest Update

China lockdown ten more nearest location of Beijing neighbours due to COVID-19 at wholesale market.

Gold

Range:-46850-47800

Our Preference:- Buy Gold 46850 for the target 47150 with sl 46750

Alternative Scenario:- Sell Gold 47800 for target 47002 with sl 47950

Jobbing Point

47002 Buy 1St Stocke for 250 point

46850 Last buy for the day

47495 Sell for the session

47800 Last sell for the day

Jobbing purpose use 70 point SL

Commentary:

  • Gold High 47680 Low 45421  Previous Contact High 47980 low 44745.
  • Since 7th May till 12 June Gold is trading in the range of 2000-2500 points.
  • Where 44750 has still maintained the same level for the bull run in Gold.
  • Now upper breakout will start either above 1792$ which should equal to 48350+ this will give an immediate effect for add on bull side.
  • As we mention our 3 months back call is still on Buy gold 44750+ for target 49123 and 55000 with sl only 44500 below.
  • Till the time continue with ur small trading or jobbing with control ur lot size and trade as per your funding capacity only.

 

Silver

Range:– 46800-49065

Our Preference:-  Buy Silver 46900 for the target 48270 with sl 46600

Alternative Scenario:- Sell Silver 48950 for target 47950 with sl 49250 

Jobbing Point

46987 Buy 1St Stocke 

Commentary:

Silver is already on bull side We prefer to buy strategy for silver and collect on selected levels.Trader wants to have a jobbing they can also do buy then sell

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