US Government SHUTDOWN continue
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๐ All major Western nations reported negative CPI figures, confirming disinflationary trends.
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๐ฐ Lower inflation supports continued upside in Gold as investors hedge against long-term policy easing.
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๐ Open Interest increased by 14,000 lots, confirming fresh long positions entering the market.
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โ ๏ธ However, due to high volatility and zig-zag volume patterns, breakout buy strategy is preferred โ wait for confirmation above resistance.
๐ก Gold (XAUUSD / COMEX Dec Contract)
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Range: 4045 โ 3900
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Trend: Upside Bias โคด๏ธ but High Volatility
Our Preference:
๐ป Sell Gold @ 4040 with backup Sell 4050 โ Target 3955 | SL 4055 (only if sustain)
Alternative Scenario:
๐ข Buy Gold @ 4045 (after above SL hit) โ Target 4150 | SL 4020
Market Commentary:
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CPI cool-off + increased OI = bullish base building.
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Intraday zig-zag may trap early buyers โ wait for breakout confirmation.
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Above 4055 sustained = next leg toward 4150.
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Below 3980 sustain = short-term pullback likely to 3955.
โช Silver (XAGUSD / COMEX Dec Contract)
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Range: 50.01 โ 48.00
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Trend: Consolidation with Downward Bias
Our Preference:
๐ป Sell Silver @ 50.01 โ Target 48.00 | SL 50.40
Alternative Scenario:
๐ข Buy Silver @ 50.00 โ Target 51.80 | SL 49.70 (below only if sustain)
Market Commentary:
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Momentum looks tired after recent rally to 50 zone.
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A close below 49.80 will open path to 48.00 support.
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Sustained trade above 50.40 re-energizes bulls toward 51.80.
๐ Quick Summary
Asset |
Bias |
Key Levels |
Strategy |
|---|---|---|---|
Gold |
Bullish with Breakout Buy |
4045 / 4055 / 4150 |
Wait for breakout above 4055 |
Silver |
Range-Bound โ Down |
50.01 / 49.70 / 48.00 |
Sell below 49.80 or buy only above 50.40 sustain |
๐ง Tradeline Insight
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Falling inflation globally and rising open interest reinforce a medium-term bullish case for precious metals.
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Short-term traders should respect technical zones and use tight stop-loss to manage volatility.
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Prepared by Tradeline Capital
๐ www.tradelinecapital.in ๐ +91-
๐ฌ Follow for Daily Bullion Market Outlook ๐
