Bullion Report of 18th Jan 2021

Bullion Report of 18th Jan 2021

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IMP : Gold & Silver both will remain downside dip till 47551 & 61000.
(But this price will only apply to holding clients only who wants to Buy for positional )

(US Holiday in evening session)

20th January Jo Biden will start operation as a President. So on Wednesday & Thursday some big announcements are expected which will affect heavily on Bullion & other commodity also. So stay alert for heavy movement with volume based on breaking news.

 

Gold

Day Range: 49200 – 47551

Our Preference: Sell Gold 49000 add on 49200 for target 48250 & 47551 with SL 49300+

Jobbing Call

48600 Buy SL 48535

48926 Sell SL 49003

 

Silver

Range: 66017 – 63875

Our Preference: Sell Silver near 66000 & add on 66800 for target 63850 with SL 66900+

Alternative Scenario: Buy Silver 63875+ for target 63200 for target 66000.

IMP – Silver has a crucial sell point near 66000 for downside target 61000 with risk only above 66900+. (Only for holding position)

61000 Price may be the last price from where Gold will take a long jump – which we update as & when arrive.

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