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Cryptocurrency Prices by Coinlib

Daily Bullion Report for the Day of 2nd September 2024

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US & Canada Holiday

No major events for the Day

  • Gold will remain downside till Thursday
  • Its Non Farm week which expect highly positive & impact negative on Gold 

Gold 

Weekly Range: 72258 - 70325

Day Range: 71849 - 71000

Our Preference: Sell Gold 71850 for target 71000 with SL 72000

Alternative Scenario: Buy Gold 71050 for target 71550 with SL 70900 below only if sustain

Positional Trader will continue their sell position for target 70325 as intact

Silver ( new Contract)

  • Last week we have seen Silver has move as per our expectation only from 86114 to 83500 & below 83000 touch 82270 which has touch in opening today
  • Trend has been clearly in sell zone only
  • New contract of Silver will move towards 80600 around from 85500 

Weekly Range: 86114 - 80590

Day Range: 85520 - 83000 

Session Call" Silver Sell @ 84680 target 83680 SL 300 point  

Our Preference: Sell Silver 85520 wit back up 86114 target 83270 with SL 86250

Alternative Scenario: Buy Silver 83000 target 84500 with SL 300 point  

 Trading Zone 


 

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