Bullion Report of 26th June 2020

Bullion Report of 26th June 2020

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Gold
Range: 47639 – 48470
Our Preference: Buy Gold 47639+ for target 48100 & 48300 with SL below 47599
Alternative Scenario: Sell Gold 48470 for target 48000 with SL 48600+
Trading Point
 
48205 Sell for 150 point target with 100 point risk
47777 Buy for 100 point target with 70 point risk
Movement has been more over a sideways due to very low volume. But still stick to your trading point rather than be GREEDY.
Strategy: Buy position on mention level with back up plan.
Fundamentals of the day
US
6.00 pm Personal Spending
             PCE price Index m/m ( Personal Consumption Expenditure)
             Personal Income
7.30 pm Revised UoM Consumer Sentiment
Silver (3rd Last day of Expiry)
Range: 47000 – 49300
Our Preference: Buy Silver 47100 target 48500 SL 46800
Alternative Scenario: Sell Silver 48854 for target 48200 with SL 49050

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