🔑 Fundamentals for the Day (IST)

• 6:30 pm – FOMC Member Musalem Speaks
• 7:30 pm – JOLTS Job Openings & Factory Orders m/m
• 11:00 pm – FOMC Member Kashkari Speaks
• 11:30 pm – Beige Book Release
• 2:00 am – API Weekly Statistical Bulletin

🟡 Gold Market Commentary (Bullet Points)

• COMEX Gold has broken its lifetime high above $3,500, opening the gate toward $3,800.
• Short-term corrections of $100–$150 are normal but the trend remains bullish.
• MCX Gold has rallied more than 7,500 points in 11 sessions since the ₹98,516 low on Aug 20, with upside targets near ₹110,500.
• A strong bottom has formed near ₹99,000.
• Market psychology has shifted from geopolitical → tariff → political wars, driving safe-haven demand.
• Tariff Outcomes:
  • Cancellation could cause short-term dip, but dollar weakness would push gold higher again.
  • Continuation fuels aggressive upside momentum.
• Bias: Gold remains an “Open Buy” asset.

📈 Trading Strategy – Gold (MCX)

• Range: 105,000 – 107,200
• Our Preference:
  • ✅ Buy Gold @ 105,700 → Target 107,165 | SL: 200 pts
• Alternative Scenario:
  • ✅ Buy Gold @ 105,123 → Target 107,000 | SL: 200 pts
• Breakout Sell Zone:
  • ⚠️ Sell only below 104,900 → Target 103,957

⚪ Silver Market Commentary (Bullet Points)

• Silver has been lagging behind gold but remains in a wide trading range.
• Resistance around ₹126,000 continues to cap upside moves.
• A breakout above ₹128,000 could shift momentum massively toward ₹140,000.
• Traders should size positions carefully as stop-loss range is wider than usual.

📈 Trading Strategy – Silver (MCX)

• Range: 120,000 – 126,000
• Our Preference:
  • ✅ Sell Silver @ 126,000 → Targets 124,000 & 122,000 | SL: 126,700+ (only if sustained)
• Alternative Scenario:
  • ✅ Buy Silver only above 128,000+ → Target 140,000 | SL: 126,000
  • ⚠️ Longer SL – trade smaller lot sizes if buy activates.

📰 Blog Write-Up

The bullion market remains at the center of global attention, with gold pushing into uncharted territory above $3,500 COMEX and silver trading in a broad consolidation band.

Gold continues to show a powerful uptrend, supported by both technical momentum and the ongoing uncertainty over tariffs and political battles. Corrections of around $100 are likely but healthy in this phase. On MCX, gold has already delivered over 7,500 points in just 11 sessions and is now targeting ₹110,500.

Silver, on the other hand, is still capped near ₹126,000, with resistance holding firm. A sustained breakout above ₹128,000 could unlock a sharp rally toward ₹140,000, but until then, the preferred strategy is selling near resistance with tight risk management.

Overall, bullion remains the go-to asset class in uncertain times, and disciplined traders should focus on defined levels with strict stop losses.