There was a killing spike downside in Gold and Silver due to the US upbeat job data announcement. However, after the consolidation of 4 hours within 37780 and 37640 range respectively, the trend shows Goldgunia to fall down till 37000 which is very strong support but that will happen only after consolidation towards upper move and rejection from 38100 which is strong resistance for GoldGunia.
NOTE: This is a risky trade to be executed only with strict STOP LOSS.
Trade closed: target reached:
As informed GoldGunia Took support from Dip and trying to reach a resistance level. Now movement depends on Afghanistan news, Taper Bond Announcement and Corona cases worldwide. Buying is recommended only is price sustain above the 39000 levels.