Gold price prediction today: Gold prices are showing a positive bias, and while short-term news related fluctuations may occur, the long-term outlook is bullish, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
Gold price prediction today: Gold prices are showing a positive bias, and while short-term news related fluctuations may occur, the long-term outlook is bullish, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
MCX Gold October futures continue to trade with a firm bullish bias, with prices holding near Rs 1,60,900 after extending their recent uptrend. The chart shows a clear sequence of higher highs and higher lows, supported by positive moving-average alignment and sustained buying interest.
MCX Gold has breached from its consolidation and is heading toward the recent swing highs, pointing to an intermediate bullish move underway. Silver has stepped out of its consolidation and is now aligning with the base trend, a near-term recovery looks well on the cards. Much like gold’s positive trend, silver is expected to hold its positive bias and push higher from current levels.
Gold price prediction today: Recent gold price trends suggest that the worst of the downside may be behind us, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers. Early this week, bullion has started on a firmer footing, supported by a weaker US dollar, easing crude oil prices following renewed US-Iran diplomatic efforts and improving risk sentiment.
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