Gold & silver price prediction today: Gold shows bullish momentum – should you buy or sell?

Gold and silver price prediction today: Gold and silver remain poised for more upward momentum, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver outlook:MCX Gold OutlookMCX Gold continues to maintain its bullish structure, forming a series of higher highs and higher lows on the daily chart—an indication of sustained upward momentum. The price is currently trading near the ₹109,000 mark, consolidating after a strong rally in recent sessions.The bias remains decisively positive, supported by consistent buying interest and favorable technical indicators. As long as the price sustains above the key support level of ₹107,000, the uptrend is expected to remain intact. A decisive break above immediate resistance levels could open the door for a move towards ₹112,000, which stands as the next key target zone.Momentum indicators such as RSI are holding in bullish territory, and there is no sign of major exhaustion yet. Traders should monitor price action near ₹109,500–₹110,000 for potential breakout signals.In summary, the current technical setup suggests that MCX Gold is well-positioned for further upside, with ₹107,000 acting as a strong base and ₹112,000 as a potential short-term target, provided the bullish trend continues.MCX Gold Trading Strategy

MCX SilverMCX Silver is showing strong bullish momentum and remains positively poised, currently trading well above the ₹126,000 mark. The price action reflects a healthy uptrend, supported by sustained buying interest and positive sentiment in the broader precious metals market.Technically, the structure remains robust, with price action forming a solid base above key moving averages. The next upside zone lies between ₹130,000 and ₹132,000, which appears achievable if the current momentum persists.On the downside, ₹123,000 stands out as a strong support level, aligning with previous demand zones and offering a cushion against short-term corrections. Momentum indicators such as RSI and MACD continue to support the bullish view without showing signs of immediate reversal.Overall, the technical setup for MCX Silver suggests that the bias remains upward, and a move towards ₹130,000–₹132,000 looks likely as long as the price sustains above ₹123,000 support.MCX Silver:

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