Daily Bullion Report for the Day of 4th January 2023

Fundamentals for the Day

6.00 pm Challengers Job Cut Y/Y

6.45 PM ADP Non Farm Employment Change

7.00 pm Unemployment Claims

8.15 pm Final Service PMI

9.00 pm Natural Gas Storage

9.30 pm Crude Oil Inventories

Yesterday,

Gold move downside & made a low of 62418 after the Berkin Speech, Europe & US Both in both the session Gold & Silver move downside only
Gold Low 61001 from where made a High 63821 where 50% @ 62411 is strong support
Data & Events required an update which will be given on Whats app only type ' Update' send it to 7046379799

Gold

Range : 62441 - 63120

Our Preference: Buy Gold 62451 Target 62840 & above 62950 target extended till 63119 with Stop loss 62300

Alternative Scenario: Sell Gold 63120 target 62900 & 62725 with SL 63250

Trading Zone

62840 Sell Gold with SL 80 point for target 62640

Daily Breakout : 62300 Below open the gate of 61696

Silver

Range: 71592 - 74117

Our Preference: Buy Silver 72150 target 73345 & above 73600 target extended 74117 with SL 71700

Alternative Scenario: Sell Silver 71500 below only for target 70700 with SL of 300 point

Pricing

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