Gold, silver rate prediction: What should investors do with prices down?
The bigger picture remains firmly bullish, which makes any near-term softness worth treating as an accumulation opportunity. (AI image) Gold and silver price prediction today
The bigger picture remains firmly bullish, which makes any near-term softness worth treating as an accumulation opportunity. (AI image) Gold and silver price prediction today Softness in both gold and silver prices can be treated as an entry point, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group. MCX Gold Price Outlook MCX Gold Trading Strategy CMP: 141,700 Target: 150,000 Stop Loss: 138,000 MCX Silver Price Outlook MCX Silver Trading Strategy CMP: 225,200 Target: 254,000 Stop Loss: 210,000 (Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.) MCX Gold is holding its ground within the consolidation, defending the previous swing low support and keeping the sideways tone in place for now. The bigger picture remains firmly bullish, which makes any near-term softness worth treating as an accumulation opportunity rather than a warning sign.
Keep a close eye on the recent swing lows, a firm close below key support would risk triggering a deeper correction, but as long as those levels hold, the broader uptrend has every reason to stay alive and well.The 138,000 level is the key support to watch heading into the week, aligning with the recent swing low and standing as the most critical floor on the chart. Any dip toward this zone is likely to attract fresh buyers and limit the downside. The bullish structure holds as long as prices stay above this level, but a firm close below would be enough to call the intermediate bullish move off and shift the outlook quickly.Gold is eyeing 150,000 as the next meaningful resistance, with the current setup continuing to favour the upside in the sessions ahead. A push toward that level would confirm that the bounce from support had real conviction and that buyers have firmly reclaimed control.A strong start to the week for Gold, with prices set to challenge the consolidation support in the sessions ahead, the weekly trend leaves room for more upside.
The 138,000 level is the foundation of the current bullish setup, breach in those level on a closing basis and the trend should reverse. Momentum sits in neutral, sentiment stays positive, and gold looks well-placed to push higher from current levels.Silver has closed the previous week with a negative bias, heading into the sessions ahead with a sideways to bearish bias. The underlying trend stays firmly positive; prices are approaching support near the previous swing low and keeping the broader structure intact. Near-term weakness toward last week's low is a potential entry point rather than a cause for concern. We should stay with the current trend and anchor stop-losses near the weekly breakout level to stay protected.A bullish start to the week for Silver, but recent sessions have seen prices drift below the 200 SMA on the daily chart but have failed to close below. The key level as a support is 210,000, that's the weekly support holding the bullish case together.
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