Kamal Ghorui
Gold price prediction today: Gold prices are seeing a steady recovery and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are trading near ₹1,45,500 after witnessing a steady recovery from recent lows. The price action suggests stabilization above key short-term supports, with momentum gradually turning positive. The structure indicates that dips are being bought into, keeping the intraday bias tilted towards a recovery move.Technical SetupPrice has reclaimed the short-term EMA cluster, with EMA 8 crossing above EMA 21, indicating improving bullish momentum. Sustaining above ₹1,45,000 keeps the short-term trend supportive.Gold is moving from the mid-band toward the upper band, suggesting strengthening momentum. Any pullback toward the mid-band is likely to attract fresh buying interest.The chart reflects higher lows formation after a recovery phase, indicating accumulation at lower levels and supporting a buy-on-dips approach.RSI is near 66, showing strong momentum but still below extreme overbought levels, leaving room for further upside.MACD is in positive territory with a bullish crossover, confirming strengthening upward momentum.Strategy: Buy on dips
- Entry Level: ₹1,45,000
- Stop-Loss: Below ₹1,43,500
- Target: ₹1,48,000
- Bias: Bullish above ₹1,45,000; weakness only below ₹1,43,500
Gold’s intraday technical structure remains constructive, supported by bullish EMA alignment, strong RSI momentum, and positive MACD signals. The formation of higher lows indicates sustained buying interest at lower levels. Traders are advised to buy on dips near ₹1,45,000, maintain a strict stop-loss below ₹1,43,500, and look for an upside move toward ₹1,48,000 during the session.(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)
