Cryptocurrency Prices by Coinlib

Daily Bullion Report for the Day of 1st July 2024

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Fundamentals for the Day 


5.00 pm Challenger Job Cuts y/y
6.00 pm Unemployment Claims 
               Prelim Non Farm Productivity q/q
               Prelim Unit Labor Cost q/q
7.15 pm Final Manufacturing PMI
7.30 PM ISM Manufacturing PMI & Prices
               Construction Spending m/m
8.00 pm Natural Gas Storage

Yesterday, 
  • Fed has keep not change Interest rate & keep it same, FOMC Press conference - under which they said look worried about labor market which looks very week which indicates positive for Gold so Bullion moves upside.
  • Haniyeh Leader has been assassination by Israel now Iran has declare to take a revenge of the same by war. But If Iran does not take any action which means downside for Gold, If Iran takes any action + If u hear any kind of news of War Gold will be in Open buy immediately so keep your eyes and ear open as a trader. 
  • If we earlier,  before Import duty cut of Indian Gold - we mention buy gold support @ 70700 & below 70500 move one side down till 68000, the same way now the same level is resistance for Gold.  


Gold 

Range: 70184 - 69000

Our Preference: Sell Gold 70184 target 69460 & 69000 with SL 70400+ only if sustain 

Trading Zone 

69460 Buy for the momentum 

68989 Buy for the Session


Silver 

Range: 84555 - 80620

Our Preference: Sell Silver 84550 target 82000 & 80620 with back up sell 84900 & SL 85100+

Trading Zone 

82250 Buy for session with SL 200 point    

Category :

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