Gold and silver outlook points to bullish momentum with key support levels

According to Abhilash Koikkara, head of Forex & Commodities at Nuvama Professional Clients Group, MCX gold continues to trade within a six-week consolidation yet stays above the pivotal 139,500 level, which he views as the foundation for further gains. A breach of that support could invite selling, while resistance at 147,000 and 149,000 would confirm buyer dominance. For silver, Koikkara highlights a bounce from the 210,000 support zone, limiting downside risk and paving the way for a climb toward 230,000 and the swing high of 238,000. Both metals exhibit a broader positive trend, and technical indicators suggest limited room for doubt as long as they remain above their respective support thresholds.