What Next ??? - March 29, 2025

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Gold prices could rise $3098 to $3118 uo to and Silver up to $34.35 to $34.76
-Praatap Kolagatla, MD, sQuareindia Advisory


Gold :  

25 analysts responded this week, 10 see prices up, while 7 see prices down, and 8 see prices unchanged. especially Trading range will be between $3026-$3114 levels.

S1:3063 S2:3044 S3:3026
R1:3087 R2:3098 R3:3114

Silver :  

Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $32.33-$35.48 levels.

S1:33.69 S2:33.25 S3:32.33
R1:34.37 R2:34.95 R3:35.48

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.

S1:68.10 S2:66.86 S3:65.28
R1:69.95 R2:.70.83 R3:71.74

MCX Gold APR :  

Now support for the Gold is seen at 88305 and below could see a test of 87650-86280. Resistance is now likely to be seen at 89095 a move above could see prices testing 89510-90255.

S1:88305 S2:87650 S3:86280
R1:89095 R2:89510 R3:90255

MCX Silver MAY :  

Now support for the silver is seen at 99555 and below could see a test of 98285-96090. Resistance is now likely to be seen at 101400 a move above could see prices testing 102850-103889.

S1:99555 S2:98285 S3:96090
R1:101400 R2:102850 R3:103889

MCX Crude Oil MAR :  

Now support for the Crude is seen at 5820 and below could see a test of 5700-5515. Resistance is now likely to be seen at 6058 a move above could see prices testing 6168-6320

S1:5820 S2:5700 S3:5515
R1:6058 R2:6168 R3:6320



APR 1st :

ISM Manufacturing PMI :
Previous: 50.3 Forecast: 49.6
Actual > Forecast is good for Dollar

APR 1st :

JOLTS Job Openings :
Previous: 7.74M Forecast: 7.73M
Actual > Forecast good for Dollar

APR 1st :

ISM Manufacturing Prices :
Previous: 62.4 Forecast: 64.9
Actual > Forecast is good for Dollar

APR 2nd :

ADP Non-Farm Employment Change :
Previous: 77k Forecast: 118k
Actual > Forecast is good for Dollar

APR 3rd :

Unemployment Claims :
Previous: 224K Forecast: 227K
Actual < Forecast is good for Dollar

APR 3rd :

ISM Services PMI :
Previous: 53.5 Forecast: 53.0
Actual > Forecast good for Dollar

APR 4th :

Average Hourly Earnings m/m :
Previous: 0.3% Forecast: 0.3%
Actual > Forecast is good for Dollar

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