What Next ??? - April 28, 2025

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Gold prices could fall $3255 to $3229 up to and Silver up to $32.15 to $30.16
-Praatap Kolagatla, MD, sQuareindia Advisory


Gold :  

20 analysts responded this week, 7 see prices up, while 13 see prices down, and 0 see prices unchanged. especially Trading range will be between $3196-$3369 levels.

S1:3265 S2:3223 S3:3196
R1:3307 R2:3338 R3:3369

Silver :  

Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $30.13-$34.38 levels.

S1:32.39 S2:31.25 S3:30.13
R1:33.17 R2:33.75 R3:34.38

Crude :  

15 of 10 analysts, forecast Crude Oil will rise in next week. 0 respondents predicted that futures will be little changed and 5 said the contract will fall.

S1:61.10 S2:59.86 S3:57.28
R1:62.95 R2:.63.83 R3:64.74

MCX Gold JUN :  

Now support for the Gold is seen at 92805 and below could see a test of 90750-86080. Resistance is now likely to be seen at 95595 a move above could see prices testing 96050-96955.

S1:92805 S2:90750 S3:86080
R1:95595 R2:96050 R3:96955

MCX Silver MAY :  

Now support for the silver is seen at 94255 and below could see a test of 93085-91090. Resistance is now likely to be seen at 97600 a move above could see prices testing 98950-99889.

S1:94255 S2:93085 S3:91090
R1:97600 R2:98950 R3:99889

MCX Crude Oil APR :  

Now support for the Crude is seen at 5220 and below could see a test of 5050-4715. Resistance is now likely to be seen at 5558 a move above could see prices testing 5768-5920

S1:5220 S2:5050 S3:4715
R1:5658 R2:5768 R3:5920



APR 29th :

JOLTS Job Openings :
Previous: 7.57M Forecast: 7.48M
Actual > Forecast is good for Dollar

APR 29th :

CB Consumer Confidence :
Previous: 92.9 Forecast: 87.4
Actual > Forecast good for Dollar

APR 30 :

DP Non-Farm Employment Change :
Previous: 155K Forecast: 123K
Actual > Forecast is good for Dollar

APR 30th :

Advance GDP q/q :
Previous: 2.4% Forecast: 0.4%
Actual > Forecast is good for Dollar

APR 30th :

Employment Cost Index q/q :
Previous: 0.9% Forecast: 0.9%
Actual > Forecast is good for Dollar

APR 30th :

Advance GDP Price Index q/q :
Previous: 2.3% Forecast: 3.1%
Actual > Forecast good for Dollar

APR 30th :

Core PCE Price Index m/m :
Previous: 0.4% Forecast: 0.1%
Actual > Forecast is good for Dollar

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