🟡 Fundamentals for the Day
⚖️ Court hearing has started yesterday but verdict is still due — volatility may stay high until final judgment is announced.
💬 Traders should expect zig-zag movement with sudden spikes during intraday sessions.
💵 Dollar index remains firm; risk sentiment mixed; global market participants waiting for policy clarity.
🏦 FOMC member comments later tonight could also bring fresh momentum.
🪙 Gold
Range: 122185 – 119150
Our Preference:
👉 Sell Gold @ 122100 for target 119150 with SL 122500 + (only if sustain)
Alternative Scenario:
💰 Buy Gold @ 119150 with SL 118850 for target 120700
Market View:
-
Gold continues to face resistance near 122185 zone; failure to hold above will keep short-term tone bearish.
-
Volatility likely till verdict announcement; traders should maintain tight stop losses.
-
Below 121500, momentum could accelerate toward 119150.
⚪ Silver
Range: 150200 – 144000
Our Preference:
👉 Sell Silver @ 150000 for target 144500 with SL 150700
Alternative Scenario:
💰 Buy Silver @ 150800 + for target 154500 with back-up 150000 SL 149500
Market View:
-
Silver showing signs of exhaustion near 150000 zone; any failure to cross 150700 will invite selling pressure.
-
Sustained trade above 150800 may trigger fresh upside momentum toward 154500.
-
Intraday volatility to persist due to global court verdict uncertainty.
🌍 Market Sentiment & Highlights
📈 Dollar Index holds firm → mild pressure on bullion.
📉 Profit booking visible in spot gold and silver markets.
🕒 Traders await US economic data and central bank commentary later tonight.
⚡ Zigzag movement to continue until court verdict is announced.
Summary:
🎯 Short term trend remains range-bound with downside bias until verdict is out.
🧭 Follow levels strictly & book profits on every dip/rise as per capital management.
