🪙 TRADELINE CAPITAL – DAILY BULLION REPORT
📍 MCX India | Thursday, 23 April 2026 | 12:15 IST
MCX Gold & Silver — Technical Analysis, News Drivers & Trade Setups
🚨 Tagline: “Sell the Bounce. Follow the Smart Money. Ignore the Noise.”
⚑ BREAKING MARKET TRIGGER
📍 Strait of Hormuz – 👉 Global shipping major confirms: Hormuz remains “firmly closed”
Which means – Gold & Silver are trading in Open sell position with a back up for target 230697 in Silver & Gold 148000 in Holding
🧠 Market Meaning:
Short-term: Bounce possible
Structure: Still Bearish
👉 Conclusion:
✔️ Every bounce = Sell opportunity
❌ No emotional buying
🌍 GLOBAL MACRO – LAST 24 HOURS
▼ Bearish for Bullion
Donald Trump signals ceasefire extension
Peace talks attempted but no breakthrough
Safe-haven demand cooling
◆ Risk Factor (Support Zone)
Iran still refusing to reopen Hormuz
Geopolitical tension alive
▼ Additional Pressure
Fed stance turning hawkish (Kevin Warsh view)
USD strength building
Equity markets recovering → money shifting out of gold
◉ Upcoming Event
US Fed Decision – 29 April 2026
👉 Avoid heavy positional trades
📊 POSITIONING DATA (IMPORTANT EDGE)
👉 Retail + Small Syndicates = BUYING
👉 Institutional Money = SELLING ONLY
📉 Open Interest declining:
➡️ Clear sign of short-side positioning
🥇 MCX GOLD (JUNE 2026)
📊 Trend: Fully Bearish (Sell on Rise)
Range: 1,49,500 – 1,55,000
Early Sell @ 153200 for target 1,51,250 SL 1,53,750+
Our Preferred : Sell @ 1,55,000 for target 1,51,250 & 149500 with SL 1,55,750
Entry: ₹1,51,250
Only if sustain
SL: Below ₹1,50,900
Trading Zone
Breakout Sell 1,50,800 for target 1,49,500
🧠 Gold Strategy
👉 Sell every bounce
👉 Book partial profits regularly
✔️ Lot 1 → Quick booking (700–1000 pts)
✔️ Lot 2 → Hold for bigger move
🎯 Medium-Term Target
COMEX Gold → $4,300
MCX Gold → ₹1,44,000
🥈 MCX SILVER (MAY 2026)
📊 Trend: More Bearish than Gold
Underperforming strongly
Bigger downside potential
Range: 2,42,000 – 2,55,000
🎯 TRADE SETUPS
Our Preference: Sell @ 2,48,000 for 2,42,000 & 2,35,000 with SL 2,51,000
Early Sell @ 2,46,000 for 2,42,000 with SL 1000 point
Trading Zone
242000 Buy for a Momentum with SL 241000
🟢 Momentum Buy @ ₹2,35,000 with SL 1000 points below
Breakout Sell 2,39,900 break (15 min hold) for target 2,30,697
🧠 COMEX SILVER – BIG OPPORTUNITY
👉 Watch $61 zone
✔️ Major accumulation level
✔️ Minimum 20-day holding
🎯 Potential: 50,000+ points move
⚠️ CRITICAL RULE – HORMUZ FACTOR
👉 Hormuz Closed → Bounce (Sell it)
👉 Hormuz Open → Short covering (Exit fast)
🧠 FINAL MARKET STRUCTURE
Trend: Bearish
Strategy: Sell on Rise
Risk: High volatility (news driven)
🔥 GHOST’S FINAL CALL
👉 Gold: Sell ₹1,53,000–₹1,55,000
👉 Silver: Sell ₹2,46,000–₹2,48,000
➡️ Institutional money is short
➡️ Retail will get trapped
💬 TODAY’S POWER LINE
👉 “If smart money is selling, your job is not to argue — your job is to follow.”
📲 Tradeline Capital
WhatsApp: +91 7859999534
⚠️ Disclaimer:
This report is for educational purposes only. Trading in bullion involves high risk. Consult a SEBI-registered advisor before taking positions.
