🌍 Breaking News (Market Commentary)
🚨 Geopolitical Risk Rising
A US official confirmed that the US Navy shot down an Iranian drone that approached a US aircraft carrier in the Arabian Sea.
This escalation between the US and Iran has sharply increased geopolitical risk premium in commodities.
➡️ Such events historically support Gold & Silver as safe-haven assets.
➡️ Any further military confrontation may push crude oil higher and weaken risk sentiment in equity markets.
➡️ This keeps bullion in buy-on-dips mode despite intraday volatility.
📊 Fundamentals for the Day
⏰ 6:45 PM – ADP Non-Farm Employment Change
⏰ 8:15 PM – Final Service PMI
⏰ 8:30 PM – ISM Service PMI
⏰ 9:00 PM – Crude Oil Inventories
⚠️ High volatility expected post US data releases.
🟨 Gold Outlook
Positional View:
Positional buyers will maintain the long-term target of 1,65,000.
Gold April Contract:
The level 1,65,000 is technically important as it represents the 50% retracement between:
-
Low: 1,37,006
-
High: 1,93,096
This implies gold may correct 7,000 – 8,000 points from the top.
Short positions are risky above 1,67,000.
🔹 Range:
1,53,888 – 1,65,051
✅ Our Preference:
Buy Gold @ 1,53,888
Back-up: 1,52,800
Targets: 1,59,442 & 1,65,051
🔁 Alternative Scenario:
Sell Gold @ 1,65,000
SL: 1,67,000
Target: 1,53,000
🎯 Trading Zone (Gold)
-
160,500 → Morning Sell at 1st stroke with SL +500 points Target 1,58,400
-
165,051 → Last sell for the day with SL +500 points
⚪ Silver Outlook
New monthly range identified with base price of 2,25,000
Upside positional target: 3,60,000
🔹 Range:
2,25,000 – 2,84,000
🌅 Morning Call:
Sell Silver @ 2,84,000
SL: 2,90,000+ only if sustain
Target: 2,63,000
✅ Our Preference:
Buy Silver @ 2,51,000
Target: 2,80,000
SL: 2,45,000
🔁 Alternative Scenario (Breakout Trade):
Buy Silver @ 2,90,000
Target: 3,23,000
Back-up Buy: 2,84,000
SL: 2,78,000
🎯 Trading Zone (Silver)
-
2,90,000+ Breakout → Buy @ 2,84,000
Back-up: 2,78,000
Target: 3,23,000 -
2,84,000 → Sell at 1st stroke with SL 2,88,000
🧠 Market Strategy Summary
🔹 Rising geopolitical tensions (US–Iran drone incident) = Safe-haven demand supportive
🔹 US economic data will drive intraday volatility
🔹 Trend remains bullish for positional Gold & Silver
🔹 Any sharp downside in MCX/COMEX is considered buying opportunity
🔹 Traders must apply strict stop-loss near key resistance zones
