BULLION REPORT 6 APR 2021

BULLION REPORT 6 APR 2021

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On Friday Non Farm Employment change 916K VS 468K


Effect:
Bullion should move downside nearly 35$ in Gold but still it trading on upper side which clear it moves towards 1754$ around. On downside it should remain Buy near 1715$.

Gold

Range: 45200 – 45845

Our Preference: Buy Gold 45250 add on 45100 target 45820 & 46200 with SL only below 45020

Jobbing Call: Sell Gold 45850 SL 45950 for target 250 point

Alternative Scenario: Sell Gold 46200 with SL 46400 for target 45750.

Silver

Range: 66500 – 64800

Our Preference: Buy Silver 64600 back up buy 64250 for target 66000 with SL only below 64100

Momentum Trading: Sell 65750 for target 65000 with SL 66000

 

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