By Tradeline Capital
🌐 www.tradelinecapital.in
🔑 Fundamentals for the Day
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No major US events today.
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🏦 Fed expected to cut rates by 0.25% (announcement Wed night 11:30 pm IST).
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📉 If cut happens, Gold could drop by $100 on Thursday.
📰 Latest Gold News
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Gold steady near record highs ahead of Fed.
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Weak US jobs data supports expectations of easing.
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CPI at 2.9% → Fed may stay cautious.
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Traders booking profits near highs.
🟡 Gold
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Range: 108200 – 109500
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Major Support: 108100 / 106500
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Resistance: 109840
✅ Our Preference:
Sell @ 109450 🎯 Target 108500 | SL 109600+
⚡ Alt Scenario: Buy @ 108250 🎯 Target 109000 | SL 200 pts
📌 Note: Below 108000 close → 106500 test (positional Buy zone).
⚪ Silver
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Positional Range: 123500 – 140000
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Day Range: 126500 – 130500
✅ Our Preference:
Buy @ 127600 🎯 Target 130500 | SL 127000
(ℹ️ Close intraday as per profit-taking capacity)
📢 For Real-Time Updates
👉 Type “Real time update” & WhatsApp to 7046379799
