Cryptocurrency Prices by Coinlib

BULLION REPORT 5 JAN 2022

Fundamentals for the day

6.45 PM ADP Non Farm employment Change
8.15 PM Final Service PMI
9.00 PM Crude OIL Inventories

It's a NON Farm Week which will be published on Friday. Which is expected to be positive and that is negative for Gold.

COMEX Gold has taken a low of 1798$ & moved up again till 1815$, at the same time USDINR is sustaining near 74.40 Rs which causes MCX Gold trade around 47950.

Gold

Range: 47600 - 48200

Our Preference: Buy Gold 47600+ for target 48000 with SL 47480 below only.

Alternative Scenario: Sell Gold 48200 with SL 48380 for target 47750

Momentum Call: Buy Gold 47855 for target 48050 with SL 47790

Trading Zone

47970 Sell SL 100 point

Silver

Range: 61200 - 62500

Our Preference: Buy Silver 61655 with back up buy 61200 for target 62370 with SL only below 61000


Trading Zone

62300 Sell SL 250 point


Category :

Bullion Report