Gold worth prediction as we speak: Gold costs are struggling to retain greater ranges and a promote on rise intra-day technique is advisable by Jateen Trivedi, VP Analysis Analyst – Commodity and Forex, LKP Securities. Gold futures on MCX are buying and selling close to ₹1,54,350 after witnessing a pointy breakdown from greater ranges. The latest restoration try seems corrective in nature, with worth struggling to maintain above short-term resistance. The broader intraday construction stays weak following the sharp sell-off, and rallies towards resistance are prone to appeal to contemporary promoting strain.Gold Technical Setup:EMA 8 & EMA 21:Value is buying and selling beneath each the 8 EMA and 21 EMA, confirming a bearish short-term construction. The shifting averages are sloping downward, indicating sustained promoting momentum. The ₹1,54,500 zone coincides with the EMA resistance cluster, making it a powerful provide space.Bollinger Bands:Gold has bounced from the decrease Bollinger band however stays beneath the mid-band. This means that the present transfer is a pullback inside a broader bearish part fairly than a reversal.Value Construction:The chart exhibits a transparent breakdown adopted by a decrease excessive formation. Till worth reclaims ₹1,56,500 decisively, the intraday bias stays destructive.RSI Indicator:RSI is hovering close to 42, reflecting weak momentum and staying beneath the impartial 50 mark. This helps continuation of draw back strain.MACD:MACD stays in destructive territory regardless of minor flattening. The absence of a bullish crossover signifies that promoting strain has not absolutely exhausted.Intraday Buying and selling View:
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