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USDINR is trading near 96.44, showing continued pressure on the Indian Rupee despite restrictions and higher import duty measures in silver.
Markets are reacting to easing immediate war fears after Donald Trump delayed a planned strike on Iran following diplomatic intervention from Gulf leaders.
Crude Oil cooled after war escalation fears reduced temporarily, though volatility remains elevated.
Gold remains trading volatile as traders balance geopolitical tension against stronger USD and elevated bond yields.
Latest Market News
U.S. postponed a planned military strike on Iran amid active negotiations backed by Qatar, Saudi Arabia, and UAE.
Oil prices corrected nearly 2% after easing Middle East escalation fears.
Gold faced pressure due to stronger dollar sentiment and rising Treasury yields despite ongoing geopolitical risks.
Markets remain sensitive to any headline regarding Strait of Hormuz, Iran nuclear negotiations, or Gulf infrastructure attacks.
Asian markets stayed cautious as traders await further geopolitical developments and U.S. economic data.
Gold
COMEX Gold still holding Support @ 4500$ – as it moves below 4470$ will started open the gate of 4300$
Range: 252500 – 261000
Our Preference: Sell Gold @ 160000
Target 157600 & 152500, Stop Loss: 160700
Alternative Scenario: Sell Gold @ 161000
Target 156250 & 152250
Stop Loss: 161800+ only if sustained above
Intraday Trading Zone
Buy Near 156300, Stop Loss: 155900
Session-based recovery buying possible from support zone
Technical View
Gold remains under pressure below resistance zones due to temporary cooling in war premium.
Strong USDINR continues supporting domestic bullion prices.
Any negative geopolitical headline can trigger aggressive short covering.
Silver
Trading Range: 248000 – 280000
Our Preference: Sell Silver @ 277000
Target: 265000
Backup Sell Zone: 280000
Stop Loss: Above 281000 only
Alternative Scenario: Buy Silver @ 265000
Stop Loss: 263000
Target: 274000
Trading Zone
285000 Last sell for the Day
Technical View
Silver remains more volatile than gold due to industrial demand uncertainty and currency weakness.
Import duty developments failed to cool domestic price pressure because USDINR remains elevated.
Traders should expect wide swings amid geopolitical uncertainty.
USDINR Outlook
Current Level: 96.44
Rupee weakness continues due to:
elevated crude oil prices
global risk aversion
safe-haven USD demand
Middle East uncertainty
Even after silver import-related measures, currency pressure remains dominant for domestic bullion pricing.
Today’s Major U.S. Economic Events (IST)
Time (IST) Event
5:30 PM Fed Governor Speech
7:30 PM Pending Home Sales m/m
7:30 PM Pending Home Sales y/y
11:30 PM U.S. Federal Budget Statement
Economic calendar references sourced from major financial calendars.
Market Sentiment
Bias: Highly Volatile
Current market is driven by:
U.S.–Iran diplomacy headlines
Crude oil movement
USD strength
Bond yield movement
Risk sentiment in global equities
Immediate Focus
Iran nuclear negotiation updates
Gulf region military headlines
U.S. Dollar Index movement
Crude Oil stability near elevated levels
Conclusion
Gold and Silver remain in a high-volatility zone. While temporary geopolitical relief has reduced immediate panic buying, the overall Middle East risk premium is still active in the market.
Traders are advised to:
maintain strict stop losses,
avoid oversized positions,
and stay alert to sudden geopolitical headlines which may reverse trends sharply within minutes.
Disclaimer: It’s for Educational Purpose only
