🔑 Fundamentals for the Day (IST)

• ⏰ 6:00 PM – Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m

• ⏰ 6:45 PM – Capacity Utilization Rate, Industrial Production m/m

🟡 Gold Market Outlook

• 📌 Range: 109,600 – 113,000

• ✅ Our Preference:

  • Buy @ 110,250 with backup buy @ 109,800

  • 🎯 Targets → 111,200 & 113,000

  • 🛑 Stop-loss → Only if sustain below 109,600

🔎 Gold has been trading in a strong buy trend for several days, and this momentum is likely to continue until tomorrow night, backed by safe-haven demand.

⚪ Silver Market Outlook

• 📌 Range: 128,000 – 140,000

• ✅ Our Preference:

  • Buy @ 129,000 (already active above 128,000)

  • 🎯 Target → 133,000

  • Backup buy @ 128,000

📰 Latest News Driving Gold

🇺🇸 Trump’s Statement

• Trump clarified that gold imports will not face tariffs, calming fears in the bullion market.

• This reassurance supports the bullish outlook for gold by keeping supply chains free of tariff shocks.

🌍 War & Qatar Escalation

• Reports confirm Israel attacked Hamas leadership in Doha, Qatar, sparking Middle East tensions.

• Safe-haven demand surged immediately after the strike → Gold spiked to fresh highs.

• Oil also rallied, adding inflationary pressure, which could push central banks toward accommodative policies — further bullish for gold.

📈 Market Sentiment Summary

• Geopolitical tensions in Qatar + Trump’s tariff clarity = Bullish gold setup

• US Retail & Industrial data today could add short-term volatility:

  • Strong data → USD up → possible dip in gold.

  • Weak data → Rate cut expectations strengthen → gold rallies further.

✅ Conclusion: Gold remains in buy territory as long as it holds above 109,600. Silver continues bullish momentum, eyeing 133,000 and beyond.

🔖 Report by Tradeline Capital
🌐 www.tradelinecapital.in