By Tradeline Capital
🌍 Global Market & Geopolitical Update
The bullion market begins the week cautiously as traders position themselves ahead of the upcoming policy decision by the Federal Reserve during the Federal Open Market Committee meeting scheduled for Wednesday, 18 March 2026.
During the weekend, geopolitical tensions continued to dominate headlines as the conflict between Iran, Israel and the United States remained unresolved. Concerns around the security of the Strait of Hormuz, a key global oil shipping route, continue to influence energy markets and currency movements.
Despite these tensions, the bullion market has not seen aggressive safe-haven buying. Instead, traders are focusing on rising U.S. Treasury yields and the stronger U.S. Dollar, which continue to pressure gold prices in the short term.
Markets now expect limited movement before the FOMC decision, meaning bullion could remain range-bound with a sell-on-rise bias until the policy outlook becomes clearer.
📊 Fundamentals for the Day
⏰ 6:00 PM IST
• Canada CPI (Inflation Data)
No major global economic events are expected today, which suggests bullion markets may trade largely based on technical levels and positioning ahead of the FOMC meeting.
🧠 Market Commentary
This week is particularly important because of the upcoming Federal Reserve policy announcement.
Ahead of the FOMC meeting, gold historically tends to move cautiously as traders avoid large positions before the central bank’s guidance on interest rates and monetary policy.
Current market structure suggests that gold remains under downside pressure, with the broader trend still targeting 153475 levels in MCX equivalent pricing.
Until the FOMC decision arrives, the preferred strategy remains sell on rise, especially for holding positions.
🪙 Gold Outlook
Range
153475 – 159500
Our Preference
Sell Gold @ 158700
Backup Sell @ 159250
🎯 Target:
156500
155500
🛑 Stop Loss: Above 159400 sustain
Alternative Scenario
Buy Gold @ 153500+
🎯 Target: 157500
🛑 Stop Loss: 152900
Trading Zone
155300 Buy@ 1st for session (with SL 154900)
157700 Sell starts for the day
158730 Sell for session
$4928 as per Comex spot is good support
📉 Any upside rally is considered selling opportunity, as the market continues its zig-zag downside movement toward 153475 levels.
🥈 Silver Outlook
Positional Buyer have to wait for 234000 to enter into the market
Range: 248300 – 268000
Our Preference
Buy Silver @ 248300
🎯 Target: 259000
🛑 Stop Loss: 246000 below sustain
Alternative Scenario
Sell Silver @ 267000
🎯 Target: 254000
🛑 Stop Loss: 270000+ sustain
Trading Zone
261000 Sell for the session
🎯 Target: 255000
245000 Breakout Sell for target 234000
252000 Buy for momentum trade
📈 Tradeline Capital Market View
• Markets are positioning cautiously ahead of the FOMC meeting.
• Rising U.S. yields and dollar strength continue to limit gold’s upside.
• Geopolitical tensions in the Middle East remain a background risk factor.
• Short-term strategy continues to favor sell-on-rise until a clear breakout occurs.
⚠ Disclaimer
If you do not fully understand this report initially, it is advisable to take small or mini lot positions and trade with proper risk management.
📩 For further assistance or clarification
Connect directly with Tradeline Capital on WhatsApp
👉 https://wa.me/917046379799
🌐 www.tradelinecapital.in
