(By Tradeline Capital)
📌 Fundamentals for the Day
8:30 PM (IST)
🇺🇸 US ISM Manufacturing PMI & Prices Paid
Markets are in wait-and-watch mode ahead of Friday’s NFP and the next US CPI, with bullion trading in a controlled range. Volatility is expected to spike only on macro data surprise or geopolitical escalation.
🏛️ Trump Commentary & Its Market Impact
Recent statements from Donald Trump have again injected geopolitical uncertainty, keeping safe-haven demand alive:
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Greenland & Strategic Resources
Trump’s remarks on Greenland and rare-earth dominance highlight resource control & national security, reinforcing long-term bullish undertone for precious metals. -
Tariff Threat on India (Russian Oil Issue)
Any escalation in trade pressure or tariff rhetoric increases global uncertainty → Gold remains supported on dips. -
Venezuela Narrative (Oil & Control)
Statements on “running” and “fixing” Venezuela reduce immediate war premium, but confirm US intervention mindset.
➜ Result: No panic buying, but Gold downside remains protected.
👉 Net Effect:
Trump’s tone is not panic-driven, but clearly geopolitically aggressive, keeping Gold & Silver range-bound with upside risk ahead of CPI & NFP.
🟡 Gold Outlook (MCX / COMEX Linked)
Gold is awaiting CPI direction. For the next 2–3 sessions, price action is expected to remain range-bound, with sharp moves only on data surprise or breaking news.
Range: 135400 – 139000
🔹 Our Preference
✅ Buy Gold @ 135500
🎯 Target: 138600
🛑 Stop Loss: 135200
🔹 Alternative Scenario
🔻 Sell Gold 138600
🎯 Targets: 136100 & 135500
🛑 Stop Loss: 300 points
Trading Zone
🟢 135500 → Strong bottom buy for the day
Momentum Buy @ 136142 target 136900 SL 136000
Market View:
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No aggressive short build-up seen
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Dips are still being absorbed by positional buyers
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CPI & NFP will decide next trending move
⚪ Silver Outlook (MCX)
Silver is gradually normalising its MCX premium, aligning with COMEX Spot prices, while physical demand remains stable.
MCX Range: 233000 – 249000
COMEX Spot Reference:
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Sell Zone: 76.55$ – 77.50$
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Buy Zone: 72$ – 71$
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Breakout Buy: Only above 78.20$+
🔹 Our Preference
🔻 Sell Silver @ 247000
➕ Back-up Sell: 249000
🎯 Target: 235000
🛑 SL: Above 250000+ only
🔹 Alternative Scenario
✅ Buy Silver @ 233500+
🎯 Target: 245000
🛑 SL: Below 231000
🔹 Momentum Trade
🔻 Sell @ 245000
🎯 Target: 241000
🛑 SL: 246000
🔹 Breakout Trade
🚀 Buy only above 251000
🎯 Target: 275000
🧭 Final Market Summary
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Gold & Silver are consolidating before major US data
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Trump’s geopolitical tone is supportive, not explosive
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Gold downside is protected, Silver premium is cooling
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CPI & NFP will decide trend continuation
📌 Stay alert for sudden news flow and data volatility.
