⚡ “CEASEFIRE COLLAPSE & WAR FEAR — SELL THE RALLY”
Daily Bullion Report — April 24, 2026
Published: IST | tradelinecapital.in
📰 MARKET DRIVER — TRUMP-IRAN SITUATION
The Strait of Hormuz ceasefire that briefly opened Friday collapsed within 18 hours — Iranian gunboats fired on tankers by Saturday, and the US Navy seized an Iranian cargo ship by Sunday.
The ceasefire expires today — if no extension, Iran closes the Strait fully and oil could spike sharply.
Key macro picture: Oil rising → Inflation sticky → Fed frozen → Dollar firming → Metals under pressure. USDINR weakening daily — providing slight MCX cushion but trend remains bearish.
🟡 GOLD
Range : ₹149,500 – ₹153,400
Trend: Slowly heading toward ₹144,000 — low volume + war fear keeping pace slow. Weak USDINR may push MCX levels slightly higher than COMEX suggests.
🎯 OUR PREFERENCE: SELL GOLD @ ₹152,200 with SL ₹152,700 for target ₹150,400 & ₹149,500 = R:R 1:2.8 ✅
🔄 ALTERNATIVE SCENARIO: Sell again @ ₹153,270 with SL ₹153,700 for target ₹150,250 & ₹149,500, R:R 1:3.2 ✅
🚨 TRADING ZONE
₹155,000 — LAST SELL FOR THE DAY
(Maximum resistance — strong sell zone)
150500 Buy for session SL 150100
⚪ SILVER
Range: ₹230,697 – ₹246,000
Trend: Bearish structure intact. Silver has fallen more than 40% from its January all-time high TheStreet — attempting to base but pressure continues.
⚡ SESSION CALL: SELL SILVER @ ₹242,400 with SL ₹243,400 for target ₹235,000, R:R 1:7 ✅
🎯 OUR PREFERENCE: SELL SILVER @ ₹245,000
SL: ₹247,500
TP: ₹235,000
R:R 1:4 ✅
🔄 ALTERNATIVE SCENARIO: BUY SILVER @ ₹235,000
SL: ₹233,500
TP: ₹241,000
R:R 1:4 ✅
(Only after bounce confirmation)
🚨 TRADING ZONE — KEY ALERT
₹239,000 — BREAKOUT SELL
⚠️ Activate ONLY after 15-minute
sustained close below ₹239,000
⚠️ RISK WARNING
Educational purposes only. Bullion trading involves significant risk. Always use strict stop losses. Tradeline Capital is not responsible for trading losses.
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