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Daily Bullion Report — 16 Feb 2026 (Mon)

By February 16, 2026No Comments

Fundamentals (IST):

  • 🇺🇸🇨🇦 US & Canada Bank Holidays → Stock & bond markets closed (thin liquidity / whipsaws) market keep calm with no more movement 

  • 6:55 pm FOMC Member Bowman speaks (tone can move USD/yields)

🧠 Market Trend (What “$4900 Gravity” means)

$4900 is acting like a “magnet / equilibrium” price:

  • If gold spikes towards $5100, sellers likely pull it back towards $4900.

  • If gold dips $4650–$4600, buyers likely push it back towards $4900.
    ✅ Net: Range-bound mean reversion unless a big shock breaks the range.

Today’s bias: Because it’s a holiday (low volume) + bonds/yields firming, rallies can face selling pressure. Reuters also noted gold slipping as the USD firmed after a strong prior move.

📰 Latest News & Impact on Bullion (Quick)

  • US markets closed for Presidents’ Day → lower participation, more algorithm-driven moves; price can “jump” on smaller orders.

  • Gold pressured by firmer USD, while rate-cut expectations are still a key swing factor → mixed setup: dollar up = negative, rate-cut expectations = supportive.

  • Silver strength still linked to physical/China-side demand + tightness themes (Shanghai premiums/retail demand narrative has been active in 2026) → supports “buy dips” idea in silver, but volatility remains high.

🟨 GOLD (COMEX view + MCX levels)

Key idea: 160250–152000 range; 50% pivot ~156200 = first sell-zone (as you noted).

Range: 158000 – 152000
Preference (Positional/Intraday):

  • Sell 157775 (backup 158100)

  • SL: 158200+ only if sustain

  • Targets: 152000

Alternative:

  • Buy 152000 →Target 156125

  • SL: 151200

Trading Zones (Session)

  • Buy: 153260

  • Sell: 156125 → target 154200 | SL 156700

  • 157775 = last sell for the day

  • Breakout Sell: 151200 below

  • Breakout Buy: 158500+

Risk note: Holiday session = keep tight SL discipline (your “500 points SL” rule is correct for control).

⚪ SILVER

Range: 223500 – 255000

Our Preference (Your core call):

  • Buy 223500 →Target 255000

  • Backup buy 217000

  • SL: 215000 below only if sustain

Alternative Scenario (only if breakdown holds):

  • Sell below 214000 → for 181400

  • SL: 222000+ only if sustain (not touch-and-go)

Trading Zones (Session)

  • Buy: 234000 | SL 233000 below | Target 242000

  • Sell: 249000 (first stroke) | SL 251000 | Target 242000

✅ Summary Bias for Today

  • Gold: “Sell on rise” near 156200–158000 unless breakout sustains above 158500+.

  • Silver: Still buy-on-dips within range; only flip bearish if 214000 breaks and sustains.

  • Session style: Range + mean reversion around the “$4900 gravity” concept.

Educational only — not financial advice.

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