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π₯ Market Fundamentals Today
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πΊπΈ US Government Shutdown has officially ended, but the market volatility will stay elevated as pending economic data (Jobs, CPI, PCE) will now be released together β big impact expected on Gold & Silver.
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π΅ Dollar Index slightly weak, supporting precious metals.
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ποΈ US Treasury expected to increase borrowing, which is medium-term bullish for Gold.
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π Profit-booking seen at higher levels as market adjusts post-shutdown.
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β οΈ Volatility will remain high until fresh economic numbers hit the market.
π‘ GOLD (XAUUSD / MCX GOLD)
π Range: 128000 β 125000
π― Our Preference
π» Sell Gold @ 127900
π― Target: 125000
π Stoploss: 128300+ (only if sustain above)
π Alternative Scenario
πΊ Buy Gold @ 128500+
π Back-up Buy: 128150
π SL: 128000 below only if sustain
π― Target: 131000
π Commentary
Gold is facing strong resistance near 128300. If price sustains above 128500, a fresh short-covering rally can push it towards 131000. Otherwise, every rise is a selling opportunity till 125000.
βͺ SILVER (XAGUSD / MCX SILVER)
π Range: 166000 β 158000
π― Our Preference
π» Sell Silver @ 165800
π― Target: 161000
π Stoploss: 166800+
π Alternative Scenario
πΊ Buy Silver @ 167000
π Back-up Buy: 166000
π SL: 165800 below only if sustain
π― Target: 174000
π Commentary
Silver remains highly volatile. Sustaining above 167000 will activate a strong upside momentum. Failure to hold 166800 will trigger downside pressure toward 161000.
π Tradeline Capital View
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π Intraday volatility will stay high due to post-shutdown adjustments.
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π― Sell the highs in Gold until price breaks 128500 cleanly.
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β‘ Silver is in breakout mode β watch 167000 closely.
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π§ Data-heavy US week ahead will decide trend for next 10 days.
