Daily Bullion Report for the Day of 4th Oct 2023

Fundamentals for the Day

5.45 pm ADP Non Farm Employment Change

7.15 pm Final Services PMI

7.30 pm ISM Service PMI

Factory Orders m/m

7.55 pm FOMC Member BOWMAN Speaks

8.00 pm Crude Oil Inventories

FOMC Member Goolsbee Speaks

9.30 pm ECB President Lagarde Speaks

Gold

Range: 57030 - 56600

Our Preference: Sell Gold 57030 target 56600 with SL 57170+

Breakout Sell 56500 with same weekly target 55600

Alternative Scenario: Buy Gold 57200+ target 57500 with SL 120 point

Weekly Points

Major resistance @ 57495 now in Gold

On Downside it will move till 55600 immediately, as it break below 56500

Silver

Yesterday Silver made a low of 65666 in the opening click only but it was not match with COMEX price
COMEX Silver support @ 21$ where buy point for a momentum with risk apply below 20.80$
Breakout Sell apply for 20.10$ only below 20.80$

Range: 68100 - 65074

Our Preference: Sell Silver 68000 target 66500 & 65100 with SL 68500+

Alternative Scenario: Buy Silver 65074 target 68000 with SL 64700 below only if sustain

Pricing

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