Gold Price Drop Alert | Gold Price Forecast Today | Silver Price Prediction & Trading Alert 3 Sep

gold and silver traded in a no trade zone yesterday we have seen a sluggish movement throughout the day specifically the US markets are closed due to labor day off and thus we have seen hardly any movement in gold and silver now today again we have seen metal starting on a slide bearish note but again on the downside it appears 28 20 283 zone for silver and uh 204 90 levels for gold are proven out to be a greater greater support here now what to expect today how to profit Trading gold and we are going to see with the help of charts and indicators this is the first update for the day next update will be released before the US session subscribe to the channel and press the Bell icon do like share and comment join the free telegram channel for live updates and join the channel memberships here on YouTube to support the effort do not miss to watch the next update before the US session let's start first gold follow with silver watch on the early charts you can see moving averages are beish looking downwards double bottom is formed here at 24.90 yesterday also we have seen prices reversing from the same levels and today again it has hit the same Zone and trying to bounce back if you see the complete movement see 2505 first resistance Zone and 25102 the second Zone this complete zone between 255 to 252 is going to remain critical for gold today as well any moment about this is only where you can see that it is trying to trade bullish now if you look at the last few candles see straight bearish candles a bigger tail trying to bounce back possibility of prices moving towards 2498 2500 but as I said 255 and 25102 very very good resistance will be seen in between these levels stock I Rising mag has retraced after hitting the lows and now trying to stabilize a bit RSI is also flat here coming to two on the two hour charts the preceding candle could be a reversal candle we have to wait we have to wait for the current candle to move towards 2498 and then we can look forward to a little rise towards 250 to 2505 and in fact 25 10 12 Zone possibility just a stock itic Rising magd is bearish here trying to converge RSI staying flat and here also the moving averages have crossed over which is a beish sign and uh and that is what makes us uh these levels a very very strong resistance Zone and and it indicates that on the upside we have to be very cautious till 252 if you look at the three hour chart same observation moving averages crossing over here trading with Divergence and bearishness uh see uh retracement bearish candle support here double bottom trying to bounce back any move Beyond 2498 2502 should be a confirmation that little more rise can be seen here but again as I said the levels 255 25 10 12 very very strong stock Astic uh almost at bottom mag is also trading bearish RSI is almost at bottom coming to four observation is more or less same here divide this into two symmetry here double bottom here possibly we can see a similar candle here it can keep moving towards the zone but I will say uh do not treat gold as bullish as of now you can say that see this uh triple formation here triple top here 25 30 levels very very strong resistance is seen and since then we have seen it trading bearish also after a long while now moving averages on the 4 our charts are also convergent and are willing to cross over not a good sign for the Bulls and this makes this Zone as a greater greater resistance uh we have to observe how it behaves there in fact even if it breaks 25 10 252 uh we can possibly see the next Milestone towards 2520 levels the greater greater resistance here Beyond 2520 more bullishness may prevail the stock itic looking down magd is bearish RSI is flat coming today before we look into daily charts if you want to learn this art of trading join my mentorship batch if you just want to trade as per the signals be a part of my signals channel on telegram we trade diverse instruments including indices and commodities in a single channel from across the globe so yes do join it today and enjoy profits and yes do not miss to join the free telegram channel for live updates and those who had asked me to recommend a broker which offers you sa free account with lowest spreads and no hidden charges uh the recommended broker link is also there in the channel and video description yes it offers you a sa free account with lowest and yes also it offers you a uh safer environment easier transactions easier withdrawals thus do not miss to join and if you join through the link you'll definitely get the best offers now look at the daily charts on The Daily charts one important thing is is to note that the 20 period moving average prices have achieved and it is finding a good support here at this Zone and uh C2 2490 level certainly is a very very good support for now but if you look at the formation see uh after staying bearish here after getting resistance from this Zone we have seen a modest briish candle and today if it breaks below 2490 2488 it stay short we are looking forward to 248 485 and 247 880 once these two levels are taken 2470 24 50 levels are easily achievable see once gold comes out of the 20 period moving average and the support Zone we can see a greater greater SL slide which can in fact take the prices towards 2450 and lower levels so be mindful of this if you're looking at the stock I this is at bottom the magd here has crossed over though this crossover is not coming at an elevated levels but yes for the last two to three times you have seen price is reversing from this Zone RSI is looking downwards that is also B sign considering this very simple sell at 2488 90 Zone and expect 24 8485 first 24787 82 and then 2470 levels below 2470 ideally I'll will be looking forward to 24 4850 and in fact lower levels very very soon on the upside I will recommend a buy because see it has formed a double bottom it is possible that it could rise here and does uh you can buy 2498 but 252 2505 2510 2516 2520 very very very very nearby resistance is still 2520 Beyond 2520 is where 2526 and 2530 levels will come the stronger stronger resistance level which we have seen in the last few days take your positions accordingly now let's have a look at Silver on the early charts moving averages bearish here yes trading with Divergence what has happened on Silver if you look at the formation here see drop retracement drop retracement drop consolidation is going on here is not retracing what has happened here you can see the drop here the retracement now it is consolidating and looking downwards certainly you can notice this that 2830 2820 is the Zone where it has got maximum maximum Support also on the upside you should notice it is getting maximum resistance here from the 20 period moving average thus 28 60 70 is the Zone where maximum resistance will be offered here for silver if it reverses And Trades above 2860 when you see the lower price above 2860 and uh 28 70 you can say that the Bulls will take over and then you can look forward to $29 levels stock itic rising magd Rising RSI right now looking downwards right now staying bearish look at the 2our charts almost a double top preceding candle a swing candle current candle trying to look downwards and yes it can slide but you can see greater support is seen here and as long as it stays about 28 302 Zone we should not be treating silver as bious it could reverse yes it could uh reverse the trend in a single candle we have to watch out where the current candle closes yes the stock I is rising magd has also crossed over at it slightly lower levels and it suggests that there is a possibility of a recovery RSI at bottom coming to on the three hour charts what has happened double top is seen here greater resistance is seen for the last three candles increasing body size suggestive of slight bearishness but I will say that as long as 28 302 zone is not taken we have to be careful here with the uh selling entries here also if you look at the formation drop retracement drop retracement and if you look at the moving averages here are certainly crossed over and are trading with the strong Divergence suggestive of a strong varish and uh this makes this Zone here at on the upside 29 29 20 as a greater greater resistance stock itic as retraced magd trying to converge crossover for the buys RSI is at bottom coming to four on the fourr charts preceding candle a swing candle uh and a double top and the current candle starting on a bearish note we have to watch out how it behaves in between this Zone this is going to be a prime prime support Zone and yes the moving averages are certainly trading with Divergence and are staying bearish RSI stock itic Rising magd is so far traded bearish trying to converge a bit let's see if it shows a crossover RSI is at oversold levels coming to now look at daily chart see what has happened straight bearishness and after a long while now moving averages again crossing over Bish Sign Making 29 2920 as the greatest hurdle which silver need to break in order order to stay bullish in order to bounce back and then ultimately 2950 these three levels are taken then we can say now silver is on a reversal course and then you can say that it has formed a nice flag and willing to give a breakout so till 29 2920 we have to be extremely watchful careful alert what has happened today it has already started on a slight briish note we have seen it hitting uh lower lows here and trying to now recover so once you see silver staying above 2860 you can say slight rise can be seen but again I will be CAU I will be uh warning you for be cautious as long as see first resistance should be very nearby at 2875 80 second should be at 28 9529 and the third is 2920 as long as these three levels are not taken on the upside we should not be treating silver as bullish yes only about 29 2920 you can say that the Bulls are taking over and then we can look forward to 2950 on on the downside I will recommend a selling entry here in silver also see before I give you the selling entry look at the stock I see this has come to extremely oversold Zone but look at Magny just crossing over trading with Divergence this suggest there is room for bearishness RSI has dropped Asel so uh yes on the downside 28 20 levels 2830 levels this is the Zone where it has got maximum support any move below 28 302 should bring more bearishness towards 28 2775 and 2 750 yes when silver starts to slide it gives a stronger momentum so below 28 is where real bearishness will be seen and 2775 2750 levels can also be expected take your trades accordingly like share subscribe and comment join my mentorship B join my signals Channel reach out to me for your queries related to the services join the free telegram channel for live updates and join the channel memberships here on YouTube to support the effort thank you see you again before the US session do join the free telegram channel for notifications