BULLION REPORT — GOLD & SILVER
FUNDAMENTALS FOR THE DAY
No major fundamentals for the Day in prior events.
Central Banks, Larger Firms and Syndicates have started Buying & Investing into Gold, which is creating strong underlying support.
Even though the US-IRAN agreement is still not over, GOLD has started moving upside.
The major timing is now important — the Low has been made and the base has been created around 4,000$.
The last major low of this year was printed at 3942$. We expect this level may remain the major base and may not change till December 2026 End.
Fresh Buy has already started for HOLDING purpose only, along with physical Gold buying.
GOLD — LONG TERM VIEW
The major base for Gold is now around 4,000$. Last low: 3942$
Our view is that Gold has created a strong long-term base and any major dip from here should be watched for positional buying rather than panic selling.
SILVER — LONG TERM VIEW
Same way Silver has completed its base around 55$ for the year 2026, where Low made 54.77$
Now the bigger upside view for Silver is from 55$ towards 100$.
The move will not be straight. Trading resistance will obviously apply and Silver can move in a zigzag manner with multiple corrections before reaching higher levels.
GOLD — TRADING VIEW
Range: 4370$ – 4266$
10th Aug to 19th Aug Dip is expected in GOLD – SILVER Both.
OUR PREFERENCE: Sell Gold @ 4366$ for target 4266$ with SL 4380$
ALTERNATIVE SCENARIO: Buy Gold only above 4390$ with Back up Buy 4375$ for target 4440$ with SL 4372$ below only
Above 4390$ Gold can change its immediate trading direction towards the upside.
POSITIONAL BUY — GOLD
Best Positional Buy start from or after 19th Aug 2026 to 20th Oct 2026.
Important Buy levels:
4266$
4157$
4071$
4071$ is the base price for now to Buy Gold.
Before reaching 4071$, two more prices can initiate the Buy.
HOW TO DECIDE THE POSITIONAL ENTRY?
The answer is based on the given timeline.
From 19th Aug, Gold will try to pull back downside as per our expectation.
Therefore, on or after 19th Aug, if Gold prices come near the above-mentioned levels, investors can look for positional buying opportunities.
The objective here is not short-term jobbing.
This positional view is for holding and accumulating Gold during the expected correction period.
MCX GOLD TRADERS — IMPORTANT
For those who trade in MCX, should follow COMEX Spot trade as above given.
MCX has its own premium, which makes it difficult to give accurate stop loss, target and entry levels.
To make your trading levels more accurate, follow COMEX Spot and use the COMEX levels for your entry and profit-booking decisions.
GOLD — KEY LEVELS AT A GLANCE
4366$ — Strong Sell @ today’s scenario
4266$ — First Major Positional Buy Zone
4157$ — Second Positional Buy Zone
4071$ — Strong Base / Positional Buy Zone -why pick based on Sudden new fall
SILVER — TRADING VIEW
Range: 65.15$ – 62$
Immediate Sell @ 64.60$ with SL 64.90$ for same target as given
OUR PREFERENCE: Sell Silver @ 65.15$ target- 62.30$ with SL- 65.80$+ only if sustains below
ALTERNATIVE SCENARIO: Buy Silver @ 66$+ Back up Buy @ 65.20$ target 69.80$ SL- Below 65$ only
SILVER — KEY LEVELS AT A GLANCE
65.15$ — Strong Sell Zone
66$+ — Breakout Buy Confirmation
62.30$ — Downside Target
55$ — Major 2026 Base price 100$ — Long-Term Upside View
FINAL VIEW
10th Aug to 19th Aug remains an important correction window for both GOLD and SILVER.
For trading purpose, Sell on Rise remains our preference until the important upside breakout levels are crossed.
For investment and positional buying purpose, any major correction towards the mentioned Gold levels should be used to identify accumulation opportunities.
Gold has a strong long-term base around 4,000$ and Silver has established its 2026 base around 55$.
Short-term trading and long-term holding should be treated separately.
Trade the levels, respect the Stop Loss and avoid taking a positional view with short-term trading capital.
