BULLION REPORT 29 JULY 2020

BULLION REPORT 29 JULY 2020

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GOLD

Range: 48700-47700

Trend: Up

Our Preference: Buy Gold 47639+ for target 48200 with SL 47490

Alternative Scenario: Sell Gold 48700 with SL 48900 for target 48250

Trading Point:

48450 sell @1st stroke for 150 point with risk of 50 point SL

48525+ Buy for jobbing purpose

48075 Buy for 200 point target with risk of 100 point SL

Gold price are moving upwards with life time high only.

Gold is trending high with very low volume. On Friday also we mention the market moving back near by 47700 to 48400 aprox 700 point.So better be on Buy is advisable with back up & SL plan.

Silver

Range: 47000-49500

Our Preference: Buy Silver 47200 for target 48500 & 48500 with risk only below 46800

Alternative Scenario: Sell Below 49300 for target 48000 with SL 49800

Gold silver both will in Buy even through low volume is there in the market.

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