Bullion Report update of 1st sept 2022

Fundamental for the day

6.00 PM Unemployment claims

Revised Non Farm productivity & Unit Labor Cost Q/Q

7.30 PM ISM Manufacturing Prices

8.00 PM Natural Gas Storage

Since last 2 days daily Bullion gap down open & make a new lows.
Its Non Farm Employment on Friday
Today Bounce is expected in Bullion
Those who hold Buy position in Gold & Silver will still hold it for tomorrow afternoon till 5 PM.
After Non Farm in tomorrow evening market will get down again. But till that time Buyer will have an opportunity to get recovery in market.
Dollar Index trading on 109$.
Which has cause major currencies + Bullion to get down.

Gold

Our Preference: Buy Gold 50100 with back up buy 49900 with SL 70 point target 50650

Trading Zone

50610 Sell for momentum

50970 Sell for session

Maintain SL of 80 point

Silver

Range: 51500 - 54500

Our Preference: Buy Gold 52200 with back up buy 51500 for target 54500 SL 100 point

Pricing

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