Gold, silver price prediction: Will gold continue to be under pressure? Check outlook on September 24, 20 - The Times of India

AI desk brief

Gold and silver are seen remaining under near-term pressure, with Nuvama’s Abhilash Koikkara calling the MCX gold structure sideways-to-bearish after a reversal from 154,000. Gold is trading around 151,300, with 148,000 key support and a break potentially opening 144,000–140,000; 155,000 is the level to reclaim to negate the bearish bias and restore the uptrend.

Silver is also viewed as technically weak, with the bias staying negative as long as it holds above 225,000 support. Immediate resistance is seen at 245,000 and then 248,000; the suggested trade setup points to 225,000 on silver and 144,000 on gold if downside momentum extends.