📊 Daily Bullion Report of 13th Feb – CPI Day & Russian Memo release

📰 Latest Macro & Market Headlines

• Russia Memo: Potential Return to Dollar System
An official Kremlin memo reportedly suggests Russia may consider a return to the US dollar settlement system as part of an economic partnership with the United States — a move that would impact global currency and commodity flows.

Effect –  Bullion Volatility Continues
Gold and silver prices plunged after stronger US labor data but have since rebounded from near one-week lows due to bargain buying and technical support.

• Sharp Selloff Across Precious Metals
Gold dropped sharply to near one-week lows and silver experienced double-digit declines as strong US payroll figures and dollar strength weighed on demand.

• Markets Await CPI Today
With US Core CPI and headline CPI releases scheduled, markets are braced for fresh inflation signals which will guide future Fed rate expectations.

• Broader Market Weakness
Precious metals and industrial metals like copper fell sharply, reflecting risk-off sentiment and stop-loss triggers across leveraged positions.

📈 Market Impact — Macro Interpretation

🪙 Geopolitical & Macro Drivers

Russia + Dollar Narrative:
If Russia indeed moves toward transacting energy/minerals in US dollars, this could support USD strength, reduce the appeal of alternative reserve currency narratives, and dampen safe-haven flows into gold and silver in the very short term.

Jobs Data & Dollar:
Strong US NFP data has reinforced expectations that the Federal Reserve may delay interest rate cuts, lifting the USD and pressuring non-yielding metals.

CPI Ahead:
With CPI today, markets are balancing whether inflation remains sticky or moderates — which will be a key driver of bullion positioning.

Technical Snapback:
The sharp declines earlier have seen bargain hunting inflows, evident in recent rebounds from support near key levels.

🧠 Market Interpretation Summary

Short-Term:
• USD strength + stronger job data = downside pressure on gold/silver
• Russia dollar linkage narratives further reinforce dollar safety demand
• Metals remain vulnerable to volatility spikes

Positionally:
• Demand for bullion will return on dips, especially given technical support and longer-term macro uncertainty

📊 Trading Levels & Strategy

💰 Gold (MCX)

Range: 151,800 — 157,775

Yesterday price action confirmed:
• Fake spike low near 149,938, but real support held above 152,000 after 9:30 PM.

🔶 Preferred Bias (Buy on Dips)

Buy Zone:
👉 152,000
Targets → 156,300 & 157,800
Stop-loss (holding) → 151,200

🔶 Alternative Scenario (Sell Zone)

Short Entry:
👉 Sell @ 157,775
Target → 152,000
Stop-loss → 158,600+

📌 Intraday Trading Zone

• 156,500 Sell → Target 154,500, SL 156,900
• 151,200 Breakout Sell → Target 148,455

🪩 Silver (MCX)

Range: 223,500 — 262,000

🔹 Momentum Buy Zone

• Momentum Buy @ 240,000
Target → 249,000
SL → 238,500

🔹 Preferred Bias

• Buy Silver @ 234,000 (≈75$ COMEX cents)
Target → 255,000
SL → 230,000

🔹 Alternative Scenario

• Sell Silver @ 262,000
Target → 240,000
SL → 266,000

🔹 Weekly Structure

• Weekly Buy Silver @ 223,500
Target → 255,000
SL → 215,000
Backup buy → 217,000

📌 Market Commentary

✔ Yesterday’s Report Worked:
Participants following the breakout sell strategy and support touches benefitted.

✔ Current Pullback Is Structural:
Downside has been driven by macro fundamentals — not trend reversal.

✔ Brace for CPI Volatility:
Inflation data today can trigger range expansions. Traders should watch reactions and not chase moves.

✔ Buy the Dips Principle Holds:
Gold and silver will remain demanded on sharp corrections despite temporary dollar strength.