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Daily Bullion Report Update of 24th Feb 2026 – China Open today – Silver Expiry Move begin

By February 23, 2026No Comments

By Tradeline Capital

🌍 Breaking Macro Update

🇺🇸 Trump on Tariffs

  • “I do not have to go back to Congress to get approval of Tariffs.”

  • Supreme Court decision reaffirmed executive tariff authority.

  • Warning: Any country that “plays games” will face much higher tariffs.

  • Tone: Escalation-ready, aggressive trade stance.

🔥 Market Effect:

  • Trade war risk premium rising again.

  • Inflation expectations firming.

  • Structural positive for Gold.

  • Volatility expansion phase likely.

🏛 FOMC Speech Day

Today Speakers:

  • Cook

  • Waller

  • Bostic

  • Goolsbee

  • Collins

🕗 8:30 PM – CB Consumer Confidence

⚠ Hawkish tone → Temporary Gold pressure
⚠ Dovish tone → Gold breakout potential

📈 Yesterday Performance Review

🟡 Gold Buy @ 159112
Low: 158117
🎯 Target 161700 HIT

⚪ Silver Buy Activated 162465
Strong rebound post low
Momentum sustained

China reopened — Silver holding stronger than Gold.

Gold touched 5248$ (Resistance 5242$ mentioned earlier)
Sharp correction to 5143$ within 25 minutes @ 6.30 am SHANGHAI open → Strong volatility confirmed.

🟡 GOLD Outlook

Range: 162400 – 158429

🔹 Immediate Jobbing Buy: 160050 (Square off before US Open)
Target: 161000
SL: 159700 (sustain below)

🔹 Our Preference (Primary Setup):
Sell @ 162440
Target: 159725 & 158429
SL: Above 162800+ (sustain)

🔹 Alternative Scenario:
Buy @ 158429
SL: 158000
Target: 160400

🔹 Trading Zone:

160050 Buy start for the Day
162800+ → Target 165000

📌 Positional Target: 165000 intact (Zig-Zag structure expected)

⚪ SILVER Outlook

Range: 255000 – 284000

Positional Buy will keep their target intact of 2,84,000 as per Buy position

🔹 Immediate Buy: 262000 ( Square off before US Open)
Target: 269000
SL: 259300

🔹 Our Preference (Primary Setup):
Buy @ 256078+
Target: 269000
Above 272000 → Extended Target 284000
SL: 252000 (sustain below)

🔹 Breakout Levels:

269500 Sell @ 1st stroke
272000+ → Breakout Buy
284000 → Last Sell for the Week
291000+ → Opens Gate to 325000
250000 Below → Breakdown Sell

🧠 Strategic Interpretation

  • Tariff escalation narrative = Bullion supportive

  • 10Y Yield near 4.04% = Gold supportive

  • China reopening = Silver volume expansion

  • Silver expiry build-up → Higher volatility

⚡ This is expansion phase, not calm consolidation.

📌 Bias

Gold: Range with upside volatility risk
Silver: Structurally stronger than Gold

Discipline required. Lot size control essential.

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