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๐ฅ Market Fundamentals Today
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๐บ๐ธ 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 โ big impact expected on Gold & Silver.
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๐ต Dollar Index slightly weak, supporting precious metals.
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๐๏ธ US Treasury expected to increase borrowing, which is medium-term bullish for Gold.
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๐ Profit-booking seen at higher levels as market adjusts post-shutdown.
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โ ๏ธ Volatility will remain high until fresh economic numbers hit the market.
๐ก GOLD (XAUUSD / MCX GOLD)
๐ Range: 128000 โ 125000
๐ฏ Our Preference
๐ป Sell Gold @ 127900
๐ฏ Target: 125000
๐ Stoploss: 128300+ (only if sustain above)
๐ Alternative Scenario
๐บ Buy Gold @ 128500+
๐ Back-up Buy: 128150
๐ SL: 128000 below only if sustain
๐ฏ Target: 131000
๐ 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.
โช SILVER (XAGUSD / MCX SILVER)
๐ Range: 166000 โ 158000
๐ฏ Our Preference
๐ป Sell Silver @ 165800
๐ฏ Target: 161000
๐ Stoploss: 166800+
๐ Alternative Scenario
๐บ Buy Silver @ 167000
๐ Back-up Buy: 166000
๐ SL: 165800 below only if sustain
๐ฏ Target: 174000
๐ Commentary
Silver remains highly volatile. Sustaining above 167000 will activate a strong upside momentum. Failure to hold 166800 will trigger downside pressure toward 161000.
๐ Tradeline Capital View
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๐ Intraday volatility will stay high due to post-shutdown adjustments.
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๐ฏ Sell the highs in Gold until price breaks 128500 cleanly.
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โก Silver is in breakout mode โ watch 167000 closely.
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๐ง Data-heavy US week ahead will decide trend for next 10 days.
