Daily Report

🗓️ Fundamentals for the Day – 23rd June 2025

🕢 7:15 PM – Flash Manufacturing PMI
🕢 7:15 PM – Flash Services PMI
🕢 7:30 PM – Existing Home Sales
🗣️ 7:30 PM – FOMC Member Bowman Speaks
🗣️ 10:40 PM – FOMC Member Goolsbee Speaks
🗣️ 12:00 AM – FOMC Members Williams & Kugler Speak

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🌍 War Updates – Trump vs Iran Conflict

• Donald Trump: “We’ve successfully targeted 3 nuclear facilities in Iran.”
• Iran Retaliates: Launches missile strikes on Israel.
• Current Outlook: This isolated Iran vs Israel conflict will not significantly affect Gold unless:
  • Iran targets US bases in the Middle East, or
  • Iran closes the Strait of Hormuz (a critical 33 km-wide passage responsible for 20% of global crude oil supply).

🛑 Iranian Parliament has approved closure; awaiting final order from President Ali Khamenei.

📉 Gold may bounce temporarily, but overall trend remains negative unless the above red lines are crossed.

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📊 MCX GOLD Outlook

Range: 99,750 – 98,275

✅ Preferred Strategy:
🔻 Sell @ 99,740
🎯 Target: 98,500
🛡️ SL: 200 pts

🔄 Alternative Strategy:
🔺 Buy @ 98,300
🎯 Target: 99,200
🛡️ SL: 200 pts

📌 Trading Zones:
🔹 Buy: 98,500 (1st stroke) | SL: 100 pts
🔸 Sell: 99,200 (1st stroke) | SL: 100 pts

Positionally Gold target for 96500 will remain as it is

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📊 MCX SILVER Outlook

Range: 1,05,000 – 1,09,000

✅ Preferred Strategy:
🔺 Buy @ 1,05,000
🎯 Target: 1,07,300
🛡️ SL: 1,04,600

🔄 Alternative Strategy:
🔻 Sell @ 1,07,800
🎯 Target: 1,06,000
🛡️ SL: 1,08,200+

📌 Strategy:
Buy on Dips continues to be the favored strategy for Silver in current scenario.

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📍 Prepared by: Tradeline Capital
🌐 www.tradelinecapital.in
📲 +91 70463 79799

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