Daily Bullion Report for the Day of 4th April 2025

Posted by Tradelinecapital
04 Apr 2025 02:09:41 PM

Fundamentals for the Day of 4th April 2025

6.00 PM Average Hourly Earnings m/m

Non Farm Employment Change

Unemployment Rate

8.55 PM Fed Chair Powell Speaks ( If it speaks about Inflation + Rate Cut will change the mood of Gold)

9.30 pm FOMC Member Barr Speaks

10.30 pm FOMC Member Waller Speaks

Canada impose 25% Tariff on US Auto imports to counter Trump Move, which become 1st country to retailiate
Carney said the Canadian government will copy the US approach by imposing a 25% tariff on all vehicles imported from the US that are not compliant with the US-Mexico-Canada trade deal.
Europe Union stop Investing in US
Spain unveils 15.66bn$ plan to protect from US Economy

This news is positive for Gold

Yesterday, After the Trump announcement Gold has a sharp fall in Europe & Asia Session by 107$ where future drop by 120$ almost, as it was clearly seen a panic selling, Historically Gold moves 1 day selling by 100$+ once in a 5 year but most surprising move by US was 80$ recovery just in 1& half hour from 7.oo pm to 8.30 pm. Today is Non Farm employment change will be declare.

Gold Silver Ratio is trading @ 98+ as of writing this article.
on 16th March 2020, This ratio has up from 88 to 126 consecutive in 3 weeks.
At this time this ratio has started increasing in same way 1st week from 90 to 98 still 2 more weeks to go.
what does this indicates Gold will remain upside in Silver remain downside in next week also.
In case it cross 100 it will be have a sharp up side move for Gold or flat & downside for silver or flat vice versa.

Gold

Gold down by 2696 point yesterday only, which is a very high downside in a normal scenario.
Which indicates 89000 is very good buy for the day with a Non Farm activity today, any downside risk only apply If risk cross 88700 which seems only 10% chances of the same, but again in 10% if cross will go with double sell.
If COMEX Gold will cross 3049$ or touch will open the gate of 2976$ & 2920$ in coming days even though it comes up side a little

Range: 90600 - 89200

Our Preference: Sell Gold @ 90600 for target 89220 with SL 90800

Alternative Scenario: Buy Gold 89200 with a back up 88960 for target 90075 SL 200 point

Trading Zone

90000 Sell Gold @ 1st stroke with SL 150 point

Silver

COMEX Future Silver has a support @ 31.09 $ which is a Good price to Buy compare with MCX for high accuracy as well any downside will apply below 30.80$ only where it will touch 30.11 with a very strong Support

Range: 95400 - 91757

Our Preference: Buy Silver 91750 with a back up Buy 91150 target 94250 with SL 90900 below if sustain

Alternative Scenario: Sell Silver 94300 with SL 94800 target 92000

In Case move upside .... Again Sell @ 95400 target 91750 with SL 500 point

Trading Zone

94132 Sell Start for the Day with SL 300 point

Daily Bullion Report for the Day of 4th April 2025

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