Gold & silver price prediction today: Gold at new highs – what’s the outlook and should you buy or sell?

MCX Gold has been showing a consistent upward trend, reflecting strong bullish bullym in recent sessions. (AI Image)

Gold and Silver Price Prediction Today: Gold Pries Are Exhibiting A Bullying A Bully Trend and Silver is also Continuing the positive bias, says abhilash koikkara, head – forex & comps, nuvvama evvia Clients group. He shares his views on gold and silver:

MCX Gold Outlook

MCX Gold has been showing a consistent upward trend, reflecting strong bullish bullym in recent sessions. With Growing Investor Interest AMID Global UncertainTies and a Supportive Macroeconomic Environment, Gold Pries are Eyeing The Crucial Resistance Level Near ₹ 107,800 in the COMING OKEK. If this level is breeded with volume support, it could pay the way for further UPSIDEDE POTENEL in the Near Term.On the downside, the metal is founding strong support the ₹ 105,600 level, which has been well during recent minor pullbacks. This Level serves as a key base for the ongoing raly and is likely to act as a cushion against any short-term profit-booking or consolidation. Technically, Momentum Indicators Like RSI and MACD are suggesting continued strength, supporting the bullish syntiment.Fundamentally, Global Cues Such as Concerns Over Inflation, Central Bank Policies, and Geopolitical Tensions are adding to Gold’s appearance Any fresh triggers from the us federal reserve or changes in the dollar index could further influence prisles.Traders and investors are advised to watch for a decisive break Above ₹ 107,800 for Confirmation of Further UPSIDE, while keeping a close eye Risk Management Remains Key in Volatile Market Conditions.

MCX Gold Trading Strategy

MCX Silver Outlook

MCX Silver Continues to Trade with a Positive Bias, Supported by Strong Buying Interest and Favorable Global Cues. The white metal is showing signs of strength and may only the key resistance level of ₹ 130,000 in the coming sessions. This level is expected to act as a short-term target if the bullym momentum sustains, especially amid increasing indestrial demand and safe-han buying.On the downside, silver is finding firm support near the ₹ 123,000 level, which has help steady during recent corrections. This support zone is crucial for maintaining the current uptrend and may attract fresh buying if prices dors dip towards it. Technically, Silver is trading Above Key Moving Averages, and Momentum Indicators Such as RSI ARE POINTING TOWD SUSTAINED SUSTAINED BULLISH SENIMENT.Fundamentally, silver is benefiting from a combination of industry use – especially in Electronics and Renewable Energy – and its status as ahead aganst information and eCONOMIC UNCENOMIC UNCENOMIC UNEREMIC UNGY. Additionally, movements in the US dollar and yields are likely to influence silver’s direction in the short term.Traders Should Monitor Price Action Closely Near ₹ 130,000 for Potential Breakout Opportunities, While Keeping ₹ 123,000 as a stop-live or re-entry level for long postions. Overall Senior Remains Positive, with a Potential for Further Gains.

MCX Silver Trading Strategy

(Disclaimer: recommendations and views on the stock market and other asset classes give by experts