By Tradeline Capital | MCX + COMEX + XAUUSD + XAGUSD
Latest Update
The US-Iran situation has escalated sharply. The USS Spruance intercepted Iranian cargo vessel TOUSKA in the Gulf of Oman — US Marines now have full custody. Iran has rejected second-round peace talks and threatened retaliation. Trump has warned of striking every power plant and bridge in Iran if no deal is reached.
Market Logic: Counterintuitively, this market has been trading inverse to war logic. Gold rallied on peace talk hopes — and falls on escalation news. The dollar strengthens on war risk, pressuring bullion. Expect continued rangebound action with a downside bias toward $4,300 COMEX spot. Every bounce remains a sell.
🥇 MCX GOLD
Range: ₹1,51,000 – ₹1,55,000
Session Buy: ₹1,51,000+ → Target ₹1,52,700 | SL 400 points
Our Preference: Sell ₹1,55,000 → Target ₹1,51,000 | SL ₹1,55,700
Alternative: Buy ₹1,49,500 → Target ₹1,52,700 | SL ₹1,48,800
Last Buy Zone: ₹1,49,450
Strategy: Sell on every rise. April bias remains bearish.
Those holding sell from ₹1,55,000 — book profit near ₹1,51,000–₹1,51,500.
🥈 MCX SILVER
Range: ₹2,40,000 – ₹2,58,000
Session Buy: ₹2,48,000+ → Target ₹2,54,000 | SL ₹2,46,500
Our Preference: Sell ₹2,58,000 → Target ₹2,42,000 | SL ₹2,61,000+
Alternative: Buy ₹2,42,000 → Target ₹2,50,000 | SL ₹2,39,000 (Intraday)
Trading Zone
255500 Sell @ 1st stroke with SL 800 point
COMEX Silver below $77 targets $72. Silver has more upside pressure than gold but overall trend remains negative.
⚠️ LIVE UPDATE ALERT
All above levels valid until further US-Iran developments. Any new attack from either side changes the equation immediately. Follow our WhatsApp broadcast for live updates.
Disclaimer: This report is for educational and informational purposes only. Not investment advice. Trade at your own risk. Tradeline Capital is not a SEBI registered investment advisor.
