Fundamentals for the Day
🕕 6:00 PM IST
• Unemployment Claims
• Final Services PMI
• Building Permits
• Housing Starts
🕖 7:15 PM IST
• Flash Manufacturing PMI
• Flash Services PMI
🕗 8:00 PM IST
• Natural Gas Storage
Market Commentary
• Yesterday Gold remained range-bound between 158000 – 160000 without any major breakout.
• International bullion market continues trading cautiously ahead of major U.S. economic data releases.
• Traders are watching PMI numbers and labor data closely for Federal Reserve interest rate expectations.
• Strong USD and elevated bond yields are still limiting upside momentum in Gold.
• Geopolitical tensions remain supportive for volatility, but immediate panic buying has cooled.
• MCX prices continue receiving support from elevated USDINR levels.
• Market remains highly data-sensitive and sharp intraday volatility can continue during U.S. session.
Gold Outlook
Range
• 161000 – 156250
Our Preference
• Sell Gold @ 160000
• Target: 157500
• Stop Loss: 160600+ only if sustained
Alternative Scenario
• Buy Gold @ 156500
• Target: 159000
• Stop Loss: 156000
Trading Zone
• Buy Gold @ 157500 on first stroke Stop Loss: 157200
161200 Last for the Day
Technical View
• Gold remains under pressure below major resistance zone near 160000.
• Sustained movement below support levels may trigger fresh sell-side momentum.
• Recovery buying may emerge near lower support zones intraday.
Silver
Range: 277000 – 264000
Our Preference: Sell Silver @ 275000
• Target: 265000
• Stop Loss: 278500
Alternative Scenario: Buy Silver @ 265000
• Target: 273000
• Stop Loss: 263000
Breakout Strategy
• Breakout Sell below 263000
• Target: 256000
• Backup Sell Zone: 265000
Technical View
• Silver continues trading weak below resistance zones.
• Breakdown below support may accelerate downside momentum sharply.
• Volatility expected to remain high due to global macro and currency movement.
Market Sentiment
• Overall bullion trend remains volatile with sell-on-rise strategy active.
• U.S. economic data and Federal Reserve expectations remain key market drivers.
• USDINR movement continues influencing MCX downside structure.
• Traders are advised to maintain proper stop losses during high-volatility sessions.
Disclaimer
• This report is for educational and informational purposes only.
• Commodity and bullion trading involve substantial market risks.
• Trade setups are based on current market conditions and may change without notice.
• Use proper risk management before taking any trading position.
• Tradeline Capital is not responsible for any financial losses arising from the use of this report.
