Short term - Technical Outlook

Gold futures are currently trading near 145,350, showing mild positive momentum with a small green candle after holding above the session low of 145,000. The price has bounced from the recent low near 142,800 recorded in early July and is attempting to stabilize within the 144,500–146,500 consolidation zone, with the current candle reflecting cautious buyer participation near the lower end of the recent recovery. The broader moving average stack remains bearishly aligned above current price, continuing to act as a structural headwind.

The broader structure remains under pressure on the higher timeframe, trading well below the descending moving averages with price yet to reclaim any meaningful resistance. The recent recovery from 142,800 has been modest, with candles displaying small bodies and limited follow-through, indicating hesitation rather than a genuine reversal. A sustained close above 147,500 would signal a meaningful shift in near-term structure and open the path toward 149,000 and higher extension levels, though the prevailing bias continues to favour sellers while price trades beneath the key overhead resistance cluster.

On the downside, immediate support lies near 144,500–143,900, followed by stronger structural demand at 143,000. A clear break below 144,500 would confirm renewed bearish pressure and invite a retest of the recent lows, though the current price action suggests buyers are attempting to build a short-term base near present levels.

 

Short term Research Report Call

Buy Above: 147,500 | Targets: 149,000, 150,500 | Stop-loss: 146,000

Sell Below: 144,500 | Targets: 143,000, 141,500 | Stop-loss: 146,000

 

 

Short term - Technical Outlook

Natural Gas futures are currently trading near 287, showing sharp bearish pressure with a prominent red candle after failing to sustain above the 291 level. The price has broken down aggressively from the recent consolidation range that had held between 297 and 312 over the past several sessions, with today's candle representing a decisive breach of multiple support levels and a sharp expansion in downside momentum. The breakdown is accompanied by a clear increase in selling velocity, confirming strong seller conviction at current levels.

The broader structure has shifted decisively bearish following today's breakdown. The sustained trade above 297–303 that had characterised the recent sessions has been invalidated, with price now trading near the lower support zone around 287–289. The moving average stack above current price now acts as layered resistance, with the sharp candle body indicating limited buyer absorption during the decline. A sustained close below 284 would confirm continuation of downside pressure toward 282 or lower extension levels.

On the upside, immediate resistance now lies near 289–293, followed by stronger supply at 297–303. A recovery and sustained close above 293 would be required to begin neutralising the current bearish momentum and invite a corrective bounce, though the sharp nature of today's decline strongly favours sellers on any intraday rally at present.

 

Short term Research Report Call

Buy Above: 293 | Targets: 295, 297 | Stop-loss: 291

Sell Below: 284 | Targets: 282, 280 | Stop-loss: 286

 

 

 

Short term - Technical Outlook

Silver Futures are currently trading near 226,450, showing a mild positive candle after holding above the session low of 226,018. The price has stabilized following the sharp decline from the recent highs near 238,000 recorded in early July, with the current candle reflecting tentative buying interest near the lower boundary of the recent consolidation zone. All major moving averages remain positioned well above current price levels, maintaining a structural bearish overhang on the higher timeframe.

The broader structure remains bearish-biased, having broken down sharply from the 238,000–235,000 zone and now trading near the 222,000–227,500 demand area. The recent recovery attempt from the lows near 222,000 has been shallow, with consecutive sessions unable to reclaim the 229,000–232,000 zone, indicating sustained seller dominance. A decisive breakout and sustained close above 232,500 would be required to signal a meaningful reversal and trigger momentum toward 235,000 or higher, though the overall structure continues to favour the downside at present.

On the downside, immediate support lies near 224,781–222,703, followed by stronger structural demand at 222,000. A clear break below 225,000 would confirm continued bearish momentum and expose the 222,500–220,000 zone, though buyers have shown some presence near current levels in recent sessions.

 

Short term Research Report Call

Buy Above: 232,500 | Targets: 235,000, 237,500 | Stop-loss: 230,000

Sell Below: 225,000 | Targets: 222,500, 220,000 | Stop-loss: 227,500