💬 Market Commentary
📈 Gold continued its zigzag momentum throughout the week as traders awaited the Supreme Court verdict and global cues on tariff announcements.
Friday marked the third consecutive session where volatility remained high, driven by profit-booking from the top range and fresh selling pressure around resistance levels.
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The USD Index remained firm above 106 levels, keeping gold under selling pressure.
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US bond yields edged higher, signaling cautious sentiment ahead of next week’s macro data.
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Global ETF outflows from gold suggest traders are reducing long exposure until a clear policy direction emerges.
📉 Meanwhile, Silver mirrored gold’s moves — strong at opening, faded into weakness later.
The metal has failed to sustain above ₹1,50,000 levels for the third straight session, confirming a short-term corrective tone.
Physical demand in India is steady, but COMEX pressure continues to weigh on MCX intraday charts.
🪙 Gold Technical Levels
Range: 122185 – 119150
Our Preference:
🔻 Sell Gold @ 122000 with backup sell at 122300
🎯 Target: 119150
🛑 SL: 122500+ (only if sustain)
Alternative Scenario:
🟢 Buy Gold @ 119150
🎯 Target: 120750
🛑 SL: 118850 (below only if sustain)
📊 Outlook:
Short-term structure remains weak; every bounce near 122300–122999 should attract sellers.
Sustainability below 119500 may open the gate for 118500–118000 in coming sessions.
⚙️ Silver Technical Levels
Range: 150000 – 144000
Our Preference:
🔻 Sell Silver @ 150000
🎯 Target: 144500
🛑 SL: 150100+ (only if sustain above)
Alternative Scenario:
🟢 Buy Silver @ 150100 for short-term reversal if sustain above resistance.
📊 Outlook:
Silver remains range-bound with a downward bias. Momentum expected only below 147000, while resistance at 150000 keeps capping gains.
⚡ Key Highlights
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💵 USD Strength continues to pressure commodities.
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🏛️ Supreme Court verdict pending — high volatility expected post-announcement.
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💬 Market sentiment: Sell on rise until fundamentals or verdict change tone.
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📅 Next trigger: US Consumer Sentiment data tonight may drive volatility.
🧭 Conclusion
🟠 Friday’s consecutive moves show the market respecting major technical barriers.
Until gold sustains above 122500, sell-on-rise remains the theme for both Gold & Silver.
Traders should maintain light positions and keep SL discipline tight — volatility will stay elevated.
