Today’s Gold Outlook

Bullish Above: Rs. 1,45,000
Bearish Below: Rs. 1,40,000
Expected Range: Rs. 1,38,000 – Rs. 1,45,000
Best Trade Today: Buy Gold 140000 PE below Rs. 1,40,000

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

Gold slipped below $4,100 per ounce on Wednesday and moved towards seven-month lows as expectations of tighter Federal Reserve policy continued to weigh on bullion prices. The interim U.S.-Iran peace agreement eased energy supply concerns, but this also reduced safe-haven demand for gold.

At the same time, the sharp fall in U.S. technology stocks forced some investors to trim gold holdings to cover losses elsewhere. This created additional selling pressure in bullion.

Option chain data for the 30 June expiry shows strong activity around the Rs. 1,40,000, Rs. 1,45,000 and Rs. 1,50,000 strikes. Put activity is visible at lower strikes, but heavy Call writing at higher levels suggests upside may remain capped unless gold crosses Rs. 1,45,000 decisively.

Today’s bias remains cautiously bearish below Rs. 1,40,000.

Key Gold Levels Today

Level	Price
Support 1	Rs. 1,40,000
Support 2	Rs. 1,35,000
Pivot	Rs. 1,45,000
Resistance 1	Rs. 1,50,000
Resistance 2	Rs. 1,55,000

Chanakya View

👉 Below Rs. 1,40,000: Buy 140000 PE for targets of Rs. 1,38,000–1,35,000.

👉 Below Rs. 1,35,000: Fresh selling may trigger a move toward Rs. 1,30,000.

👉 Above Rs. 1,45,000: Recovery rally may emerge towards Rs. 1,50,000.

👉 Between Rs. 1,40,000–1,45,000: Expect consolidation and premium erosion.

Gold Option Chain Strategy Today – 30 June Expiry

Today’s Options Trade Setup

Instrument	Trade	Buy Zone	Target	Stop Loss
Gold 140000 PE	Buy Below Support	Rs. 350 – 420	Rs. 600 / 850	Rs. 250
Gold 145000 PE	Buy On Weakness	Rs. 1,100 – 1,250	Rs. 1,600 / 2,000	Rs. 850
Gold 150000 CE	Buy On Recovery	Rs. 520 – 600	Rs. 850 / 1,100	Rs. 400

Why This Trade?

• Gold has fallen below $4,100 and is moving towards seven-month lows.

• Expectations of tighter Federal Reserve policy are weighing on bullion.

• Interim U.S.-Iran peace developments have reduced safe-haven demand.

• Easing traffic concerns through the Strait of Hormuz have reduced energy inflation fears.

• Option chain shows Put activity at Rs. 1,30,000, Rs. 1,35,000 and Rs. 1,40,000 strikes.

• Heavy Call OI is visible at Rs. 1,50,000, Rs. 1,55,000 and Rs. 1,60,000, which may act as resistance zones.

• Unless Gold crosses Rs. 1,45,000, rallies may continue to face selling pressure