Latest news with #GoldAugustFutures
Time of India
2 days ago
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for July 18, 2025; does a 'buy on dip' strategy make sense?
Gold price prediction: Gold prices have shown resilience around key support levels. (AI image) Gold price prediction today: Gold prices have been somewhat stable in the last few days, with safe haven assets being in focus even as global economic uncertainty wanes despite US President Donald Trump's tariff policies. A strong dollar has capped gains in gold. What's the outlook for gold prices and what strategy should investors adopt in the current scenario? Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities: Gold prices have shown resilience around key support levels, with the MCX Gold August Futures currently trading around ₹97,480. The underlying tone remains cautiously optimistic, supported by a bounce from critical moving average confluence. With momentum indicators showing signs of stabilization, the intraday bias shifts towards a Buy on Dip strategy near ₹97,350, with downside risk capped around ₹96,800. Technical Setup: 1. EMA Alignment Signals Support: The 8-period EMA stands at ₹97,450, while the 21-period EMA is at ₹97,350. The price is currently testing the 21-EMA support, creating a favorable entry zone around ₹97,350. This confluence of moving averages provides a strong foundation for potential upward momentum. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is a Dental Implant Right for You? Here's What Experts Say asklayers Learn More Undo by Taboola by Taboola 2. Bollinger Bands Indicate Consolidation: The Bollinger Bands show price action consolidating within the bands, with the lower band providing support near the ₹97,350 zone. This tight range suggests potential volatility expansion, favoring a breakout scenario once the accumulation phase completes. 3. Pivot Point Perspective: Previous day's pivot points reveal strong support confluence around the ₹97,350 level. The price structure shows respect for these technical levels, with multiple touches confirming the zone's significance for intraday positioning. 4. RSI (14) Reading: The Relative Strength Index is currently in neutral territory, suggesting room for upward movement without immediate overbought concerns. This positioning supports the buy-on-dip thesis as momentum can expand in either direction. 5. MACD Momentum: The MACD indicator shows potential bullish divergence forming, with the histogram suggesting underlying strength building. This technical pattern often precedes renewed upward momentum from support zones. 6. Price Structure and Volume: Recent price action shows strong buying interest near the ₹97,350 support level, with volume accumulation suggesting institutional participation. The price closing above key congestion zones confirms sustained demand at these levels. Conclusion: Gold intraday bias remains constructive on pullbacks. Traders can adopt a Buy on Dip strategy near the ₹97,350 mark, placing a protective stop-loss at ₹96,800. Upside targets for the session could be ₹97,800 and ₹98,200, provided the global sentiment remains supportive and prices hold above the 21-period EMA confluence. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
11-07-2025
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for July 11, 2025; why a 'buy on dip' strategy makes sense?
Gold price prediction: Gold intraday bias remains bullish. Traders can adopt a Buy on Dip strategy. (AI image) Gold price prediction today: Gold prices have an underlying positive bias and experts believe that buying on dips may be the correct strategy for now. Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities: Gold prices have shown a decisive recovery from recent lows, with the MCX Gold August Futures (05AUG2025) currently trading around ₹97,247. The underlying tone remains positive, supported by a steady climb above key short-term moving averages. With momentum indicators turning favorable, the intraday bias shifts towards a Buy on Dip strategy near ₹97,000, with downside risk capped around ₹96,450. Gold Technical Setup: 1. EMA Alignment Signals Strength: The 8-period EMA stands at ₹96,900, while the 21-period EMA is at ₹96,700. The price is now trading above both EMAs, indicating a short-term bullish crossover and establishing a support base around the ₹97,000 level. A successful retest of this zone could serve as an entry point for fresh long positions. 2. Bollinger Bands Indicate Momentum Expansion: The Bollinger Bands have begun to widen, with price riding along the upper band. This suggests that volatility is picking up in favor of the bulls. The lower band, placed well below ₹96,500, gives breathing room for pullbacks while maintaining the overall uptrend. 3. Pivot Point Perspective: Prices have managed to sustain above the previous day's pivot, converting it into a support zone. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like So sánh mức trượt giá: Hợp đồng tương lai (CFD) Bitcoin vs Ethereum IC Markets Tìm hiểu thêm Undo This structure aligns with the higher-lows pattern visible on the intraday chart, reinforcing bullish conviction above ₹97,000. 4. RSI (14) Reading: The Relative Strength Index is currently at 70.12, entering overbought territory but still not showing any bearish divergence. A brief consolidation or minor pullback near ₹97,000 can allow the RSI to cool off, offering a renewed entry opportunity. 5. MACD (Implied from Momentum): The MACD is inferred to be in a positive crossover state, backed by the recent trend reversal and price closing above key averages. The histogram likely reflects increasing bullish momentum. 6. Price Structure and Candle Formation: The latest candle shows a strong bullish body with a narrow upper wick, suggesting firm buying interest at the open. The price closing above the high-volume congestion zone confirms a breakout with strength. Conclusion: Gold intraday bias remains bullish. Traders can adopt a Buy on Dip strategy near the ₹97,000 mark, placing a protective stop-loss at ₹96,450. Upside targets for the session could be ₹97,500 and ₹97,750, provided the global sentiment remains supportive and prices hold above short-term EMAs. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
27-06-2025
- Business
- Time of India
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo 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. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
