Bullion Report 14 May 2021

Bullion Report 14 May 2021

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Gold move back from 1844.5$, where we had given sell from 1842$ to 1818$ as mention on previous report. Now As Gold move below 1818$ for down till 1801$.

1800$ is the price where the Buyers will active in the international market with the back up of 10$ – where same will applicable to MCX also to go with Buy only.

Positional Trader will start Buy Gold Near 47000 around with Back up 46750.

Fundamental of the day

6.00 PM Core Retail Sales/ Retail Sales

7.30 PM FOMC Michigan Consumer Sentiments

Gold

Range: 46950 – 47750

Our Preference: Buy Gold 47330+ for target 47750 & 48000 with SL 47130

Alternative Scenario: Buy Gold 46950 for target 47750 & 48000 with SL 46700

Silver

Range: 69700-71150

Our Preference : Buy Silver 70150 with back up 69900 for target 71150 with SL 69700

 

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