Gold ..safe-haven buying in gold expeted

Gold Outlook Today

Bullish Above: 150,000

Bearish Below: 145,000

Expected Range: 140,000 – 155,000

Best Trade Today: Buy Gold 145000 PE below 145,000

Gold Levels Today: Support, Resistance, Option Chain & Trade Setup

Gold is trading near $4,194.40 per ounce after slipping below the $4,150 zone earlier, as traders reacted to renewed U.S.-Iran tensions, higher crude oil prices and a hawkish Federal Reserve tone.

The key pressure point for gold is that higher oil prices may keep inflation concerns elevated. At the same time, the Fed’s recent hawkish stance has increased expectations of a possible rate hike later this year, which generally acts as a negative trigger for bullion.

However, geopolitical uncertainty continues to provide downside protection. Any fresh escalation around Iran, Hezbollah, Israel or the Strait of Hormuz could again create safe-haven buying in gold.

Today’s bias remains volatile with a sell-on-rise structure unless MCX Gold sustains above 150,000.

Key Gold Levels Today

Level	Price
Support 1	145,000
Support 2	140,000
Pivot	150,000
Resistance 1	155,000
Resistance 2	160,000

Chanakya View

👉 Below 145,000: Buy 145000 PE for targets of 140,000–135,000.

👉 Below 140,000: Fresh selling may trigger a move toward 135,000–130,000.

👉 Above 150,000: Recovery rally may emerge towards 155,000–160,000.

👉 Between 145,000–150,000: Expect consolidation and premium erosion.

MCX Gold Option Chain Strategy Today – 30 June Expiry

Today’s Options Trade Setup

Instrument	Trade	Buy Zone	Target	Stop Loss
Gold 145000 PE	Buy Below Support	Rs. 1,250 – 1,400	Rs. 2,000 / 2,800	Rs. 900
Gold 150000 CE	Buy Above Breakout	Rs. 1,000 – 1,150	Rs. 1,700 / 2,400	Rs. 700
Gold 155000 CE	Buy on Momentum	Rs. 280 – 320	Rs. 500 / 750	Rs. 190

Why This Trade?

• Gold remains under pressure due to a hawkish Fed outlook and expectations of tighter monetary policy.

• Higher crude oil prices are keeping inflation concerns alive, which may delay rate cuts and support a stronger dollar.

• U.S.-Iran talks remain uncertain, and any fresh geopolitical shock may trigger safe-haven buying.

• Option chain shows strong Call OI at 150,000, 155,000 and 160,000, indicating resistance at higher levels.

• Put activity is visible around 140,000 and 145,000, making these important support zones.

• The 150,000 strike is the major battleground and likely pivot zone for short-term traders.

• Unless Gold sustains above 150,000, rallies may face selling pressure.