Fundamentals for the Day
7.30 pm CB Consumer Confidence
New Home Sales
Richmond Manufacturing Index
Market Commentary,
Dollar Index started upside from it’s Low recover by 0.60 around, which indicates first first pull back a little in Gold – Silver.
Gold 13th May 2026 High was 164497, Yesterday High was 164773 which makes double top for MCX Gold & little pull back from here towards 161000 around
Upside target of 4773$ will remain the same as it is for positional trader – no change into the same it’s just slight set back from double top plus one sided bull run of 22000 point or 700 point of COMEX in Gold.
Check this report again @ or after 12 PM IST, as new updates will be add after Europe Open.
For Higher Accuracy follow our COMEX Bullion Report
Gold
Range: 160918 – 165000
Our Preference: Buy Gold @ 161000+ for target 164500 with SL 160500
Alternative Scenario: Buy Gold @ 162850 target 164500 with SL 162500 below only if sustain (Add @ 11 AM)
ZIGZAG Point
163250 Sell @ 1st stroke with SL 250 point (Cancel)
157900 Bottom Buy Price for Gold with SL 157300
Silver
Range: 238294 – 249000
Our Preference: Buy Silver @ 238300+ for target 249000 with SL 235300 below only If sustain
Alternative Scenario: Buy Silver @ 242000 target 249000 with SL 241000 below only if sustain
ZIAGZAG Point
243000 sell with SL 800 point (Cancel)
Positional Trader Target of 273000 will be as it is
