Daily Bullion Report – 29 May 2026
Gold took a sharp bounce from the low of 4366$ to 4520$ in a single day after positive developments in the US–Iran peace deal negotiations. However, the final approval and signing from Trump’s side is still pending. Until the war situation is completely sealed and signed, every major bounce in Gold should be considered as a selling opportunity from higher levels.
Gold
Range:157000 – 152500
Our Preference:
Sell Gold @ 157000 for targets 153500 & 152500 with SL 157500
Alternative Scenario:
Only if Gold crosses and sustains above SL level:
Buy Gold above 157100 for target 158500 with SL 156700
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Silver
Range:270000 – 260000
Our Preference:Sell Silver @ 269500 for target 261000 with SL 271000
Alternative Scenario:
Sell Again @ 275000 with SL 278000 for target 261000
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Trading Zone
261000 – Buy Silver on first stroke with strict SL of 1000 points
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Market View
* USDINR movement will remain a key factor for domestic bullion prices.
* Any confirmation or rejection from the US–Iran agreement can create high volatility in Gold & Silver.
* Traders are advised to avoid emotional buying and follow strict stop losses.
Tradeline Capital Research Desk
