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Daily Bullion Report for the Day of 23rd Feb 2026 – Trump Considers Targeted Strike Against Iran, Followed By Larger Attack

By February 23, 2026No Comments

Geopolitical Escalation + Global Tariff Hike Fuel Safe-Haven Demand

By Tradeline Capital


🌍 Morning Geopolitical Update

🚨 Middle East Risk Escalates

• Trump Considers Targeted Strike Against Iran – NYT
• Larger Military Option Also Under Review
• Trump Open to Deposing Ayatollah if Iran Remains Stubborn – NYT

This shifts risk from “tension” to possible direct military action.

If confirmed:

✔ Oil spike risk
✔ USD volatility
✔ Immediate safe-haven demand
✔ Global equity pressure


🌎 Trade War Escalation

Trump Announces:

• Global Tariffs raised to 15% from 10%
• Effective Immediately
• More “legally structured” tariffs coming soon

This adds:

✔ Inflation pressure
✔ Trade retaliation risk
✔ Policy uncertainty


🏮 China Holiday – Last Day

With China closed:

• Liquidity thinner
• COMEX & Western desks driving movement
• Volatility may expand on reopening


📊 Gold Analysis

🔎 Open Interest Signal

Friday Gold OI increased from:

409,000 → 424,000

📈 OI Up + Price Up = Fresh Long Build-Up

This confirms:

• Market positioning for geopolitical risk
• Iran strike premium
• Tariff-driven inflation hedge


🧲 Technical Structure

Gold moved from:

159200 → 162000
($5242 target zone)

Momentum remains bullish while above support.


🔶 Gold Trading Plan

📌 Range:

157639 – 162000


🟢Our Prefe Buy Zone

✔ Buy Gold 159112+
Target: 161700
SL: 158500 (only if sustain below)


🟢 Alternative Buy Scenario

Buy @ 157639
Target: 161700
SL: 157200 (only if sustain below)


🔴 Trading Zone

161700 → Last Intraday Sell
SL: 500+ points

162400 → Breakout Buy
Target: 165000


⚪ Silver Analysis

Silver responding to:

• Trade escalation
• Industrial inflation
• Safe-haven momentum


📌 Range:

256076 – 284000


🟢 Positional Strategy

Buy at CMP ~ 265000 with back up required
Target: 284000


🟢 Our Preference

Buy 262450+
Target 270000 & 284000
SL 259000 (only if sustain below)


🟢 Alternative Buy

Buy @ 256076
Target 269000 & 284000
SL 252000 (only if sustain below)


🔴 Sell Zone

Sell @ 284000
Target 256000
SL 288000


🧠 Strategic Interpretation

This is not normal volatility.

We now have:

⚠ Possible U.S.–Iran Military Conflict
⚠ Global Tariff Escalation
⚠ Inflation Pressure
⚠ Institutional Uncertainty

This combination historically supports Gold.

OI confirms accumulation phase.


🧲 Conclusion

Bias: Buy on Dips
Control Lot Size
Expect Headline-Driven Spikes

Stay updated — any confirmed strike announcement will immediately impact bullion.


📍 Tradeline Capital
Global Bullion Intelligence
What’s App +91-7859999534

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