On Friday,
Both of them are quiet positive for US Dollar vs negative for Bullion
Posted by Tradelinecapital
On Friday, it as Holiday but still Fed Declare the DataNon Farm Employment Claims 236K Actual Vs 228 K ExpectedUnemployment Rate 3.5% Actual VS 3.6% Expected
Both of them are quiet positive for US Dollar vs negative for Bullion Today Off Market : New Zealand, Australia, Swiss, Europe & US Fundamentals for the Day7.30 pm Final Wholesale Inventories m/mAll Day IMF Meeting ( This meeting held by IMF representative & World Bank) As it Held 2 times in a year its decision or Comments may create market volatility)As IMF Chief clearly said keep fighting against Inflation, which means If all get agree they will take a decision more stronger on Interest rate hike & others also like consumer credit to make balance. This will pressure on Gold.Today morning Gold open @ 2008$ from 2024 closing. 2008$ was a good support but it has cross where below the same 1990$ will be a good Buy Support. All prices are of future only.Gold Range :59737 - 60350Our Preference: Sell Gold @ 60300 for target 59820 with SL 60480Alternative Scenario: Buy Gold 59750+ target 60200 with SL 59650 below only if sustain Silver Bottom price of Silver as of now is 71000.Range: 75150 - 73000Our Preference: Sell Silver 74750 for target 73900 with SL 75000Alternative Scenario: Buy Silver 73000 for target 73900 with SL 72750Range: 75000 -
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