🏆 TRADELINE CAPITAL
📅 Daily Bullion Report | April 29, 2026
⏰ Morning Edition | MCX & XAUUSD
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🌍 FUNDAMENTAL OVERVIEW
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🔸 US-IRAN Geopolitical Update:
– Physical war is becoming unbearable for both US & IRAN
– Strait of Hormuz closure is now hurting IRAN’s own economy severely
– After 4 weeks of closure — IRAN’s survival is getting difficult
– Peace negotiation talks expected in very short term
– Result: Safe haven demand for Gold will DROP sharply on any peace signal
– Every Gold bounce = Selling opportunity — not a buying trigger
🔸 Key Macro Effect on Bullion:
– Gold moving toward $4,300 on Spot (XAUUSD)
– MCX Gold target: ₹1,44,000 (subject to USDINR adjustment)
– Silver under heavier selling pressure than Gold this cycle
– Risk-off trade unwinding as war premium exits the market
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🥇 MCX GOLD ANALYSIS
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📌 Current Market View: BEARISH | Sell Every Rise
🎯 TODAY’S RANGE: ₹1,47,250 – ₹1,51,200
⚡ OUR PREFERENCE — PRIMARY CALL:
– 🔴 SELL Gold @ ₹1,50,500
– Backup Sell @ ₹1,50,850
– Stop Loss: Above ₹1,51,340 (only if sustained)
– Target 1: ₹1,49,200
– Target 2: ₹1,48,500
– Target 3: ₹1,47,250
✅ ALTERNATIVE SCENARIO — BUY SETUP:
– 🟢 BUY Gold @ ₹1,47,500
– Stop Loss: Below ₹1,46,800
– Target: ₹1,49,900
– Note: Counter-trend bounce only — not a trend reversal
📊 BIGGER PICTURE:
– Spot Gold heading toward $4,300
– MCX Gold medium-term target: ₹1,44,000
– Every bounce is a gift for sellers
– War premium exit = sustained downside pressure
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🥈 MCX SILVER ANALYSIS
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📌 Current Market View: STRONGLY BEARISH | More downside than Gold
🎯 TODAY’S RANGE: ₹2,35,000 – ₹2,47,000
⚡ OUR PREFERENCE — PRIMARY CALL:
– 🔴 SELL Silver @ ₹2,44,900
– Backup Sell @ ₹2,47,500
– Stop Loss: Above ₹2,48,500 (only if sustained)
– Target 1: ₹2,41,500
– Target 2: ₹2,38,000
– Target 3: ₹2,35,000
✅ ALTERNATIVE SCENARIO:
– Wait for ₹2,35,000 support test before any buy consideration
– Silver downside potential this cycle is MORE than Gold
– Heavy institutional selling pressure visible on charts
📊 SILVER OUTLOOK:
– Under heavier pressure than Gold
– Weekly chart deeply below Ichimoku cloud
– New contract (3rd July) — fresh selling at every rise
– Target zone: ₹2,35,000 in coming sessions
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⚠️ DISCLAIMER
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This report is for educational and informational purposes only.
Commodity trading involves substantial risk.
Please consult your financial advisor before trading.
Tradeline Capital is not responsible for any trading losses.
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🌐 www.tradelinecapital.in
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