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Daily Bullion report updates for 21st Jan 2025

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  • Trump levies 25% of Tariff on MAXICO & CANADA on illegal immigrants
  • Any Tariff will upside movement for a Bullion
  • 1st time when Trump apply tariff on China in his 1st term @ that time Gold shoot upside
  • But this time tariff will not affect like it was 1st time. Which means upside is very limited & we believe Gold downside till 2550$
  • Gold future sell @ 2748$ with back up sell @ 2761$ for target 2550$
  • Big range gold has been stuck in the range of 2810$ to 2545$
  • Gold COMEX Future Sell @ 2748$ with a back up @ 2761$ for target of 2550$ Stop loss apply only above 2764$

Gold 

Range: 79400 - 78500 (Intraday)

Our Preference: Sell Gold 79100 target 78500 with SL 79300

Positionally Gold will remain downside only from 79300 to 79700 sell point for target 76000.
 

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