๐ Market Commentary
U.S. Treasury Secretary Bessent confirmed that President Donald Trump held talks with Canadian Prime Minister Mark Carney on Monday regarding trade matters.
Following this, the United States increased tariffs from 15% to 25% on Wood, Lumber, and Base Metals, adding fresh pressure on global trade and industrial supply chains.
This tariff escalation is:
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โ ๏ธ Inflationary in nature
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๐ Negative for industrial commodities
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๐ก Strongly supportive for safe-haven assets like Gold & Silver
Trade uncertainty and rising costs of raw materials are pushing investors toward bullion as a hedge against inflation and geopolitical risk.
๐ As a result, Gold is moving towards 165000 and Silver towards 390000 in the coming sessions if momentum continues.
๐ Fundamentals for the Day
โฐ 7:30 pm โ ADP Weekly Employment Change
โฐ 8:30 pm โ USD HPI m/m
โฐ 8:30 pm โ CB Consumer Confidence
โฐ 8:30 pm โ Richmond Manufacturing Index
โฐ 10:30 pm โ ECB German Bundesbank President Nagel Speaks
These data points will decide short-term volatility in bullion.
๐ฅ Gold Outlook
Range: 158000 โ 165600
โ Our Preference
Buy Gold above 158200
๐ฏ Target: 165000
๐ Stop Loss: Below 157700 (if sustain)
๐ Backup Buy: 158500
๐ Alternative Scenario
Sell Gold @ 157700 โ 158500 zone
๐ฏ Target: 155800
๐ Stop Loss: 158700+ (if sustain)
๐ฅ Silver Outlook
Positional Buy target remains intact at 390000. Further updates will be shared as market develops.
Range: 343000 โ 377000
โ Our Preference
Buy Silver @ 350000
๐ฏ Target: 377000
๐ Stop Loss: 347500
๐ Alternative Scenario
Sell Silver @ 378000
๐ฏ Target: 365000
๐ Stop Loss: 382500+ (if sustain)
๐ Breakout Strategy
Buy Silver above 382000 (if sustain)
๐ฏ Target: 420000
โ ๏ธ Expect heavy zigzag volatility
๐ฏ Conclusion
Rising tariffs on Wood, Lumber, and Base Metals are creating inflationary pressure and trade uncertainty. This environment is structurally bullish for Gold and Silver, and any short-term correction may be used as a buying opportunity.
Investors are advised to trade with strict stop loss and controlled lot size due to expected high volatility.
By Tradeline Capital
๐ Daily Bullion Market Outlook
โ ๏ธ For educational & market analysis purpose only
