Daily Bullion report of 8th Feb 2021

Daily Bullion report of 8th Feb 2021

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China will be on Lunar vacation from MID of this week for couple of days, where they will cover their short sell or Carry Fresh Buy in both the cases Gold will move up.

Trend Up for the week

Gold

Range: 46750 – 48180

Our Preference: Buy Gold 47200 SL 47020 for target 47551

Alternative Scenario: Buy Gold 46720+ for target 47551 with SL 46520

  • Sell Call

    Sell @ 47600 add on 47680 with SL 47750 for target 47300 only.

As per COMEX Gold has a range from 1787 where we gave buy in last report for upside target till 1850$ & 1870$  so MCX Gold will move as per the same only, or upward move till 48150 around.

Silver

Range: 67600 – 69700

Our preference: Buy Silver 68100 with SL 67900 for target 69235

Alternative Scenario: Buy Silver 67500 for target 69700 & 71500 with SL 67000

As we mention last week to Buy Silver @ 66666 is near touch its 1st target & any upside will come only above 27.55$ + we believe it will continue its buy

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