Fundamentals For the Day
No major pre events expected of US today
London Holiday
Latest Update of Weekend
US official: Earlier Sunday, U.S. forces hit two Iranian launchers on Larak Island
Iran Attacking US Forces Stationed In Jordan, Nearly All Incoming Missiles Have Been Intercepted, Trey Yingst’s Fox Reports
Trump: I don’t want Canadian cars, I don’t want Canadian parts, I don’t want Canadian anything. They’ve been ripping us off for decades
Trump: One of the things I am going to do with Venezuelan Oil is fill up Strategic National Reserves; “topping out” process begins shortly
Above Fundamentals – Geographical Issue with US -IRAN , Economical WAR/Tariff WAR remain Fundamentals makes stronger for GOLD this cause 5100$ target remain intact as it is for GOLD – but this clarification will give you in this week or max by 7th Aug 2026 – So stay connected for the same
What Happen and Sudden Downside move ?
COMEX Gold & Silver: Physical Demand Weakens While Gold Price Stays Strong – Below Details are as per CME Vault Actual Deliveries Daa=ta compare with 2020 – 2024 VS 2026 Actual Deliveries has moved downside only
1. Gold physical delivery has fallen sharply
COMEX gold delivery volume has dropped to its lowest level since October 2024, below 20,000 contracts for the month
2. Gold leaving COMEX vaults has slowed
The earlier large decline in COMEX inventories has now paused.
3. Silver is showing similar weakness
Silver delivery volumes have fallen to levels not seen since 2024, while new silver contracts have been extremely weak.
4. But Gold price is behaving differently
Despite weak physical-market activity, gold has had an exceptionally strong month. The analysis notes that GLD was up about 15.2% for August at the time of publication.
5. Why is this important?
Normally, strong physical demand—higher deliveries and falling inventories—would support a strong gold-price move. This time, price is rising while physical activity remains relatively quiet. That makes the current move unusual and worth watching.
What does it mean in simple language?
Gold is strong, but the physical COMEX market is not confirming that strength yet.
That does not automatically mean Gold must fall. It means the market needs to watch whether physical demand starts increasing. If gold continues higher and COMEX deliveries/inventory begin showing stronger demand, the price move would have stronger fundamental confirmation. If physical demand remains weak, the current rally could require a deeper correction or consolidation.
XAUUSD – Gold
Range: 4395$ – 4486$
Our Preference: Buy Gold @ 4400$+ target 4486$ & 4546$ with SL 4380$ below only if sustain
Alternative Scenario: Sell Gold only Below 4390$ for target 4320$ with SL 4410$+ only if sustain (Above call when SL hit then only apply this call as it came up)
Closing above 4480$ will get to more upside – as this downside fall is momentum not for long term has prove still
so we will be awaiting for the same.
XAGUSD – Silver
Range: 65.41$ – 74.80$
Our Preference: Buy Silver @ 65.90$+ for target 69.80$ & 74.80$ with SL 65.20$ below only if sustain
Alternative Scenario: Sell Silver @ 65$ for target 62.96$ with SL 65.60$
