Reason: BREAKING: industrial demand surge (silver) | Impact: Bullish bias +2
MCX Gold Aug: 145,693 | MCX Silver Sep: 227,180 | Desk calls today: 4/7 hit
Contract |
Call |
Entry |
T1 |
SL |
Status |
|---|---|---|---|---|---|
MCX SILVER Sep |
SELL SILVER |
223,800 |
216,000 |
225,500 |
T1_HIT |
MCX GOLD Aug |
BUY GOLD |
141,000 |
141,900 |
140,700 |
T1_HIT |
MCX GOLD Aug |
BUY GOLD |
140,100 |
142,700 |
139,600 |
T1_HIT |
MCX GOLD Aug |
SELL GOLD |
142,780 |
140,500 |
143,200 |
SL_HIT |
MCX GOLD Aug |
BUY GOLD |
143,250 |
144,050 |
142,800 |
SL_HIT |
MCX GOLD Aug |
SELL GOLD |
144,050 |
143,000 |
144,500 |
SL_HIT |
MCX SILVER Sep |
SELL SILVER |
224,600 |
218,000 |
229,000 |
ACTIVE |
MCX SILVER Sep |
BUY SILVER |
214,000 |
223,000 |
212,000 |
T1_HIT |
DAILY BULLION REPORT — Wednesday, 22 July 2026
Full trading day 9:00 AM – 11:30 PM IST | Anchored to COMEX with bridge conversion | USDINR 96.22
1. RANGE — Expected Full-Day Band
Instrument |
COMEX Anchor |
Expected Low |
Expected High |
Spot Now |
|---|---|---|---|---|
COMEX Gold |
$4,142 |
$4,092 |
$4,185 |
$4,142 |
MCX Gold Aug |
bridge ~Rs30.9/10g per $ |
1,41,400 |
1,44,100 |
1,42,900 |
COMEX Silver |
$60.2 |
$58.6 |
$61.5 |
$60.2 |
MCX Silver Sep |
— |
2,20,000 |
2,27,500 |
2,23,746 |
Bridge note: COMEX $4,142 × conversion + ~6% import premium reconciles to MCX Aug near 1,42,900. High and low are expected to remain inside these bands for the full day.
2. OUR PREFERENCE — Primary Full-Day Call
GOLD (MCX Aug) — Buy on dips (level-trade bias): Spot 1,42,900 sits mid-range with dollar soft. Prefer buying weakness.
- Entry zone: 1,42,000 – 1,41,700
- Add-on: 1,41,300 (only if holds)
- SL (only-if-sustained close below): 1,40,900
- Target 1: 1,42,900 | Target 2: 1,43,800
- R:R ≈ 1:2.6 from entry mid to T2
SILVER (MCX Sep) — Buy on dips: Silver strong near 5-day highs, momentum leader.
- Entry zone: 2,22,000 – 2,21,300
- Add-on: 2,20,300
- SL (only-if-sustained): 2,19,200
- Target 1: 2,24,500 | Target 2: 2,26,800
- R:R ≈ 1:2.4
3. ALTERNATIVE SCENARIO — Opposite Plan
- Gold: If sustained above 1,43,900 (COMEX clears $4,170 toward $4,185), flip long-breakout — target 1,44,100, extended 1,44,600, SL 1,43,300. On the downside, only a sustained break under 1,40,900 opens sell toward 1,40,200 / 1,39,600.
- Silver: Sustained rejection below 2,20,000 turns sell — target 2,18,000 then 2,16,500, SL 2,21,300.
4. TRADING ZONE — Jobbing Levels (Tight SL, Quick Trades)
Metal |
Sell 1st-stroke |
Buy 1st-stroke |
Tight SL |
|---|---|---|---|
Gold Aug |
1,43,700 – 1,43,900 |
1,42,000 – 1,41,800 |
350–400 pts |
Silver Sep |
2,26,500 – 2,27,000 |
2,21,500 – 2,21,000 |
1,000–1,200 pts |
Jobbing works both ways inside the day-band — respect the range edges, book quick.
5. SESSION CALLS
EUROPE SESSION (12:30–18:30 IST)
- Gold: Buy 1,41,900 dip → target 1,43,200 (~1,300 pts), SL 1,41,300. R:R ≈ 1:3 on sustained holds. Quiet-month grind favours dip accumulation.
- Silver: Buy 2,21,800 → target 2,25,000 (~3,200 pts), SL 2,20,600.
US SESSION (18:30–23:30 IST)
- Gold: Momentum window — buy above 1,43,300 for 1,44,100 / 1,44,600, SL 1,42,700. If soft data hits dollar, extend to upper band.
- Silver: Buy above 2,25,000 → 2,27,000+, SL 2,23,500. Silver typically amplifies gold’s US-session move.
6. FUNDAMENTALS FOR THE DAY
Light macro calendar today — July is a range/level-trading regime. Watch tape reaction rather than scheduled prints.
- US flows / dollar drift (all session): Dollar at weakest weekly since April post soft-NFP (57K vs 110K). Hot dollar = fade gold rallies at range top; soft dollar = press dip-buys.
- Sept hike odds (67→50%): Any Fedspeak leaning dovish is bullion-supportive — play upper band. Hawkish surprise = defend downside SLs.
- FORWARD FLAG — US CPI (June), 14 Jul, 18:00 IST context / next major print: A hot CPI reprices cuts and pressures gold; a soft CPI accelerates the dollar-down / gold-up move. Size down into any CPI window.
7. YESTERDAY — WHAT HAPPENED & WHY
Gold closed the prior week at weekly highs (+2% off the $3,942 low) on a soft-dollar bounce after the June NFP miss cooled the growth narrative. Monday delivered rangebound trade near 1,47,3xx MCX as July’s quiet-month character reasserted — no follow-through, just level-respect. Silver held near 5-day highs, outperforming on relative momentum.
8. TREND
- Trend for the Day: Sideways-to-mildly-firm; buy dips inside the band, respect the $4,185 / 1,44,100 ceiling.
- Trend for the Week: Constructive but capped — resistance cluster $4,225–4,250 then 200-DMA $4,402; central-bank demand (WGC +41t May) underpins dips.
9. ADVANCE FLAGS
- Resistance cluster $4,225–4,250 is the first real overhead wall — a sustained clear opens the 200-DMA at $4,402.
- Next-week US CPI is the dominant event risk — trim exposure ahead of it.
- Silver leadership: if silver breaks 2,27,500, expect gold to be dragged toward upper band.
Trading in commodities carries high risk. All content is market research and education – you trade your own account and are responsible for your own decisions. Past performance is not indicative of future results.
Session Log (live updates)
09:00 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,682 / Silver 226,686)
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
09:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,389 / Silver 226,311)
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
09:40 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 144,441 / Silver 226,050)
Impact chain: industrial demand surge, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
10:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,492 / Silver 226,153)
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
10:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,632 / Silver 226,294)
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed uncertainty, dollar weakness → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
11:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,763 / Silver 226,347)
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed uncertainty, technical momentum → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
11:40 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 144,837 / Silver 226,455)
Impact chain: industrial demand surge, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed uncertainty, dollar weakness → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
12:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,565 / Silver 225,445)
Impact chain: industrial demand, supply deficit, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed uncertainty, USD weakness → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
12:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,545 / Silver 224,851)
Impact chain: industrial demand, supply deficit, safe-haven buying → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed policy uncertainty, dollar weakness → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
13:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,580 / Silver 225,400)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed uncertainty, technical support → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
13:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,520 / Silver 225,009)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: safe-haven demand, geopolitical risk, USD weakness → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
14:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,586 / Silver 225,481)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
14:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,670 / Silver 225,606)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
15:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,584 / Silver 225,058)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk premium, safe-haven demand, USD weakness → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
15:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,585 / Silver 225,130)
Impact chain: industrial demand, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: safe-haven demand, geopolitical risk (Iran), Fed policy uncertainty → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
16:10 IST — BREAKING: industrial demand/solar (silver): Bullish bias +2 (Gold 144,598 / Silver 225,150)
Impact chain: industrial demand/solar, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk premium, dollar weakness, safe-haven demand → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
16:40 IST — BREAKING: industrial demand/supply deficit (silver): Bullish bias +2 (Gold 144,615 / Silver 225,200)
Impact chain: industrial demand/supply deficit, safe-haven demand, price momentum → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical risk, Fed policy uncertainty, safe-haven demand → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
17:10 IST — BREAKING: industrial demand/supply deficit (silver): Bullish bias +2 (Gold 144,743 / Silver 225,042)
Impact chain: industrial demand/supply deficit, safe-haven/monetary demand, Fed/rate sensitivity → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
Impact chain: geopolitical safe-haven demand, Fed policy uncertainty, gold price resilience near $4 → Gold UP bias → Silver sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
17:40 IST — BREAKING: industrial demand/solar (silver): Bullish bias +2 (Gold 144,760 / Silver 225,289)
Impact chain: industrial demand/solar, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
18:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,851 / Silver 225,380)
Impact chain: industrial demand, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
18:35 IST — Europe wrap / US open + event window: Europe session boundary — prices re-anchored, call board refreshed (Gold 144,795 / Silver 225,302)
18:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 144,759 / Silver 225,201)
Impact chain: industrial demand, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
19:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 145,538 / Silver 226,421)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
19:40 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 145,878 / Silver 228,485)
Impact chain: industrial demand, supply deficit, safe-haven demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
20:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 145,786 / Silver 227,849)
Impact chain: industrial demand, supply deficit, safe-haven buying → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
20:40 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 145,800 / Silver 227,890)
Impact chain: industrial demand surge, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
21:00 IST — US session update: US session boundary — prices re-anchored, call board refreshed (Gold 145,840 / Silver 227,782)
21:10 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 145,850 / Silver 227,462)
Impact chain: industrial demand, supply deficit, safe-haven flows → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
21:40 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 145,898 / Silver 227,867)
Impact chain: industrial demand surge, supply deficit, safe-haven buying → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
22:20 IST — BREAKING: industrial demand (silver): Bullish bias +2 (Gold 145,716 / Silver 227,132)
Impact chain: industrial demand, supply deficit, safe-haven buying → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
22:40 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 145,675 / Silver 226,879)
Impact chain: industrial demand surge, supply deficit, safe-haven buying → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
23:10 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 145,550 / Silver 226,713)
Impact chain: industrial demand surge, supply deficit, safe-haven/monetary demand → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
23:25 IST — Day close & scorecard: Close session boundary — prices re-anchored, call board refreshed (Gold 145,712 / Silver 227,066)
23:40 IST — BREAKING: industrial demand surge (silver): Bullish bias +2 (Gold 145,693 / Silver 227,180)
Impact chain: industrial demand surge, supply deficit, safe-haven buying → Silver UP bias → Gold sympathetic → USD pressure → MCX follows higher (rupee adjusts) → Plan: buy dips to support, honour SL
