![\"Gold](\"https:\/\/static.toiimg.com\/thumb\/msid-131109987,imgsize-84216,width-400,height-225,resizemode-4\/gold-price-prediction.jpg\" "\\"<p>Gold")
<\/div>\n<\/div>\n<\/div>\nGold is attempting to recover from the lower Bollinger band after a steep decline. (AI image)<\/p>\n
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Gold price prediction today: Gold prices are seeing a weak intra-day bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He recommends a sell on rise strategy:Gold futures on MCX are trading near \u20b91,60,326 after witnessing a sharp recovery from lower levels. Despite the rebound, the broader intraday structure remains weak as prices continue to struggle near immediate resistance zones. The current recovery appears corrective, and higher levels are likely to attract fresh selling pressure.Technical Setup<\/span>EMA 8 & EMA 21:<\/span>Price is trading below the short-term EMA resistance cluster, with EMA 8 remaining below EMA 21, indicating continuation of bearish momentum. The \u20b91,60,300\u2013\u20b91,60,500 zone aligns with this resistance area.Bollinger Bands:<\/span>Gold is attempting to recover from the lower Bollinger band after a steep decline. However, failure to sustain above the mid-band keeps the downside bias intact.Price Structure:<\/span>The chart reflects a breakdown followed by a pullback rally. Lower highs and weak follow-through buying suggest that the trend remains vulnerable on the downside.RSI Indicator:<\/span>RSI is near 27, entering oversold territory. While this may trigger intermittent pullbacks, it still reflects strong bearish momentum overall.MACD:<\/span>MACD remains in negative territory with weak histogram recovery, indicating that selling pressure continues to dominate despite the bounce.Intraday Trading View<\/span><\/p>\n Gold\u2019s intraday technical structure remains weak with bearish EMA alignment, oversold RSI conditions, and negative MACD momentum. The ongoing rebound appears corrective and is likely to face resistance near \u20b91,60,300\u2013\u20b91,60,500. Traders may consider selling on rise within the given zone, maintain a strict stop-loss above \u20b91,62,000, and look for a downside move toward \u20b91,58,000 during the session.Bias: Sell on Rise | Resistance: \u20b91,60,500 | Target: \u20b91,58,000<\/span>(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)<\/span><\/div>\n\n