Posted by Tradelinecapital
Fundamentals for the Day10.31 PM FOMC Member BOSTIC Speaks Its' Inflation week, US CPI - Inflation data will be declared on Thursday 11th Jan 2024Last Friday, Non Farm data was quiet -tive for Bullion, but after the declaring data on 7 pm 1st spike of Gold move down from 2046$ to 2030.20$ in 1st 5 min post that its one way upside from 2030.20$ to 2071.20$ till 8.45 pm, After 9.15 pm Again sell position was made & Gold move downside from 2071$ to 2051$ which gives back a 50% of earlier movementNow this indicates Gold will remain downside for the Week followed by Non Farm Employment effect.Any upside bounce will indicate to go for sell side position.Gold Range : 62500 - 61500Our Preference: Sell Gold 62461 target 61900 with SL 62601Alternative Scenario: Buy Gold 61900 with SL 61800 for target 62250 Breakout Sell 61800 for target 61500Buy for Momentum 62130 SL 62050 target 62300Silver Range: 71700 - 73000Our Preference: Buy Silver 71700 target 72500 with SL 71500Alternative Scenario: Sell Silver below 71500 target 70700
Lets talk with our experienced analyst and earn maximum returns on your hard-earned money.
ASK AN EXPERTIf you have any queries WhatsApp:
Bank: IDBI Name: Tradeline A/c: 0130102000030612 IFSC: IBKL0000130 Account type: Current
