Gold price prediction today: What's the gold rate outlook for June 27, 2025; does a 'sell on rise' strategy makes sense?
Gold price prediction: A gap-down movement in the last few sessions, combined with soft momentum indicators, supports a Sell on Rise strategy for today's trade. (AI image)
Gold price prediction today:
Gold rate
has been dipping for the last few days and the Iran-Israel ceasefire has quietened the sentiment for safe haven assets. Where are gold prices headed and what should investors do? Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities:
Gold futures continue to reflect selling pressure as technical indicators signal a weakening short-term structure.
The MCX Gold August Futures (05AUG2025) are currently trading near ₹97,087, having struggled to sustain above key resistance levels. A gap-down movement in the last few sessions, combined with soft momentum indicators, supports a Sell on Rise strategy for today's trade.
Gold Outlook: Technical Highlights:
1. EMA Confluence: The 8-day EMA is at ₹97,050 and the 21-day EMA is at ₹97,100. The price is hovering below both averages, confirming a short-term bearish crossover.
This alignment indicates that selling on minor upticks toward ₹97,300–₹97,400 could offer favorable risk-reward setups for intraday traders.
2. Bollinger Bands: Price is currently trading near the lower Bollinger Band, hinting at continued downward bias. The lack of bullish reversal candles near the band suggests limited buying interest at lower levels.
3. Previous Day's Pivot Zone: Based on the pivot structure, the region between ₹97,300–₹97,400 aligns with prior resistance.
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A failure to close above this area may keep bulls sidelined, reinforcing short trades near this zone.
4. RSI (14): The Relative Strength Index is at 47.72, below the neutral 50 mark. While not in oversold territory, it shows weakening momentum, in line with the bearish price structure.
5. MACD (not shown, inferred): Based on the recent downward crossover observed on the intraday charts and price trend, MACD likely continues to reflect bearish divergence.
This aligns with the broader outlook of selling pressure.
6. Price Structure: The recent fall below both short-term moving averages and the failure to bounce back decisively suggest the formation of a bearish flag or continuation pattern. Any bounce toward ₹97,300–₹97,400 can be used as a fresh shorting opportunity with stops placed just above the 21-EMA.
Gold Trading Strategy
For June 27, traders should consider a Sell on Rise strategy in the ₹97,300–₹97,400 zone, with downside targets of ₹96,700 and further toward ₹96,200 if weakness persists. A stop-loss can be maintained above ₹97,650 to manage risk. Strong global cues and a fragile technical setup continue to weigh on gold prices in the short term.
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