Bullion Report update of 22nd April 2021

Bullion Report update of 22nd April 2021

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Maharashtra Covid lockdown news live: Stringent curbs in state till May 1, 2021

Mumbai is India’s Economic Capital which will impact heavily on the many industries.
This will slowdown the business. which may have the worst impact on USDINR.

Gold has made the bottom range of 47132. It has open the gate of 50150 & 1883$.

Today Important Data:

Initial Jobless Claims   6:00 PM

Existing Home Sales     7:30PM

Gold

Range: 47732  – 48941

Our Preference: Buy Gold 47780+ for target 48422 & 48942 with SL only below 47580

Alternative Scenario: Buy Gold 47165+ for target 48400 & 48941 with SL only below 46932

Momentum Call: Sell Gold 48400 SL 48555 for target 48100

Silver

Silver has the short term bottom price 68000 now.

Range: 68050 – 70900

Momentum  Call: Sell Silver 70500 SL 70850 target 69450

Our Preference: Buy Silver 68000+target 70500 with SL only below 67600

 

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