Daily Bullion Market Outlook – Gold & Silver

🔑 Fundamentals for the Day (IST)
6:00 pm – Average Hourly Earnings (m/m)
6:00 pm – Non Farm Employment Change
6:00 pm – Unemployment Rate

📰 Market Update & Impact
The U.S. Jobs Data is expected to show weaker hiring momentum with payrolls around +75K and unemployment inching up to 4.3%. Softer numbers strengthen the case for a Fed rate cut in September, putting pressure on the dollar and yields. Historically, weak NFP tends to trigger a quick upside reaction in gold, while strong data caps rallies. Expect volatility around the release.

🟡 Gold

Range: 107400 – 105300

Our Preference:

• Sell Gold @ 107165 for target 105950 with SL above 107400.
• Breakout Buy above 107500 for target 108558 with backup 107250 and SL of 150 pts.

Alternative Scenario 1:

• Buy Gold @ 105900, SL 105700, target 107150.

Alternative Scenario 2:

• Buy Gold @ 105300, SL 105100, target 106800.

Bearish Breakout:

• Only below 105100, next target 104500.

⚪ Silver

Range: 126000 – 121500

Our Preference:

• Buy Silver @ 123800, SL 123400, target 126000.

Alternative Scenario:

• Buy Silver @ 121500, SL 120500, target 126000.

Quick Take:
📌 NFP softness = bullish gold bias, but expect sharp volatility around data release.