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Cryptocurrency Prices by Coinlib

Daily Bullion Report for the Day of 3rd May 2024

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Fundamentals for the Day


6.00 pm Average Hourly Earnings m/m
              Non Farm Employment Change
              Unemployment Rate
7.15 pm Final Service PMI
7.30 pm ISM Service PMI

  • As it's Friday- Last day off the week with Non Farm Events so good move will be there
  • Trend for Gold will remain downside only so strategy is sell on every upper particular near by levels is ideal 

  • Data affect position if any changes will be update by What's App Broadcast only from no: +91 7046379799 

Gold

Range: 71200  - 70300

Our Preference: Sell Gold 71200 with back up sell 71340 for target 70300 with SL 71400
                           Extended target below 70100 is 69572.

Alternative Scenario: Buy Gold 70300 with SL 70150 for target 70800

Trading Zone 

70100 with SL 150 point for target 69572

70800 Sell @ 1st stroke with SL 120 point 

Silver 

Range: 81700 - 79500

Our Preference: Sell Silver 81500 with back up sell 81800 for target 80500 with SL 82100

Alternative Scenario: Sell Silver again @ 82500 for target 80500 & 79500 with SL 82850+

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