Gold price prediction today: What's the gold rate outlook for May 23, 2025 - should you buy or sell?
Gold prices: A failure to reclaim ₹96000 decisively could trigger a deeper correction toward ₹94500-₹94800 support zone. (AI image)
Gold price prediction today: Gold prices are set to record a weekly gain after fluctuating for the last few weeks. The gold rate is still off its all-time high and investors are wondering whether they should buy, sell or hold gold.
What gold price levels should you watch out for? Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities explains:
MCX Gold June 2025 contract is trading at ₹95600, positioned at a critical technical juncture after recent consolidation near resistance levels. The precious metal has shown signs of exhaustion near the ₹96000 zone, with technical indicators aligning for potential downside moves.
Today presents two distinct selling opportunities for intraday traders.
Gold: Current Technical Picture
The gold market is displaying classic signs of distribution after failing to sustain above key resistance levels. Price action reveals a struggling bullish momentum with the metal unable to decisively break higher, creating an ideal setup for contrarian strategies.
Key Technical Parameters:
Current Price: ₹95600
EMA 8: ₹95550
EMA 21: ₹95650
RSI (14): 57.50 (neutral with downward bias)
Bollinger Bands: Price consolidating near the middle band with upper band rejection
Previous Day's Pivot: Key levels acting as resistance barriers
Strategy 1: Sell on Rise Near ₹95800
Technical Rationale:
The ₹95800 level represents a confluence of resistance factors including the upper Bollinger Band, previous day's pivot resistance, and psychological resistance.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trade Bitcoin & Ethereum – No Wallet Needed!
IC Markets
Start Now
Undo
This zone has repeatedly rejected upward attempts, making it an attractive sell zone.
Entry Parameters:
Sell Zone: ₹95750-95850
Stop Loss: ₹96050 (above recent swing high)
Target 1: ₹95400 (immediate support)
Target 2: ₹95200 (key breakdown level)
Target 3: ₹94950 (extended target for aggressive traders)
Execution Guidelines:
Wait for bearish reversal candlestick patterns (doji, shooting star, or bearish engulfing)
Confirm with RSI showing negative divergence or failure to cross 60
Volume should be declining on up moves approaching the sell zone
Trail stop loss to ₹95650 once Target 1 is achieved
Strategy 2: Breakdown Below ₹95250
Technical Rationale:
A decisive break below ₹95250 would confirm the failure of the recent consolidation and trigger a deeper correction. This level coincides with previous support and the lower boundary of the current trading range.
Entry Parameters:
Breakdown Level: ₹95250
Entry Price: ₹95200 (on decisive break)
Stop Loss: ₹95450 (above breakdown level)
Target 1: ₹94900 (immediate support)
Target 2: ₹94650 (next significant support)
Target 3: ₹94300 (major support zone)
Execution Guidelines:
Wait for 15-minute candle close below ₹95250 with increased volume
RSI should preferably be below 50 for confirmation
Avoid entry if breakdown occurs with extremely low volume
Consider partial profit booking at each target level
Gold Market Outlook
Gold appears to be forming a potential reversal pattern after recent gains. The metal's inability to sustain above ₹96000 levels suggests underlying weakness. Key factors supporting the bearish bias include:
1. Technical Exhaustion: Multiple rejections at resistance levels
2. Moving Average Resistance: Price struggling near EMA 21
3. Volume Pattern: Declining volume on up moves indicates lack of conviction
4. Global Factors: Strengthening dollar and rising bond yields
The precious metal faces a critical test at current levels.
A failure to reclaim ₹96000 decisively could trigger a deeper correction toward ₹94500-₹94800 support zone.
Risk Management
Both strategies require strict adherence to stop losses given the volatile nature of precious metals.
Traders should:
Never risk more than 2% of capital per trade
Use appropriate position sizing
Monitor global cues including dollar index and bond yields
Be prepared to exit if price action contradicts the analysis
Market Catalysts to Watch
US economic data releases
Federal Reserve commentary
Geopolitical developments
Dollar index movements
Global equity market sentiment
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
28 minutes ago
- Economic Times
Stock market update: Nifty Realty index advances 2.87% in an upbeat market
Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs. Synopsis The Nifty Realty index was trading 2.87 per cent up at 1021.65. NEW DELHI: The Nifty Realty index traded positive around 10:52AM(IST)on Friday in an upbeat market. ADVERTISEMENT Godrej Properties Ltd.(up 4.5 per cent), DLF Ltd.(up 4.32 per cent), Oberoi Realty Ltd.(up 3.29 per cent), Prestige Estates Projects Ltd.(up 3.0 per cent) and Sobha Ltd.(up 2.64 per cent) were among the top gainers. were the top losers on the index. The Nifty Realty index was up 2.87 per cent at 1021.65 at the time of writing this report. Benchmark NSE Nifty50 index was up 183.55 points at 24934.45, while the BSE Sensex was up 556.34 points at 81998.38. Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red. ADVERTISEMENT Shares of Vodafone Idea, Reliance Power, YES Bank, Suzlon Energy and HFCL were among the most traded shares on the NSE. Shares of Indef Manufacturing, Peria Karamalai Tea, Manaksia Coated, Reliance Home Fin and Federal Mogul hit their fresh 52-week highs in today's trade, while Navkar Builders, Prostarm Info System, Lakshmi Precis, Shree Ram Proteins and Uniinfo Telecom Serv hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
29 minutes ago
- Time of India
Shaping the future of mobility: The transformative power of automotive design
The transformative power of automotive design. The article is authored by Ajay Jain- Head of India Design Studio at Tata Motor. Design is often perceived as the art of creating visually pleasing concepts. However, in the automotive industry, it transcends mere visual appeal— it shapes materials into sophisticated, purposeful vehicles and translates complex technologies into intuitive, human-centric experiences. From enhancing vehicle safety and performance to embedding cutting-edge technology, design plays an instrumental role in shaping the industry's future. In recent years, factors such as rapid digitisation, the rise of electric and connected vehicles, evolving regulatory frameworks, and increasing consumer demand for personalisation have placed automotive design at the forefront of industry transformation. Recent projections indicate that by 2030, the auto component industry is expected to triple in size to USD 200 billion and automotive design will be a key catalyst in enabling this growth. Most importantly, it reflects a brand's core values—whether its sustainability, innovation, or heritage—ensuring a lasting impact in an ever-evolving market. Driving multidimensional experiences through design by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Device Made My Power Bill Drop Overnight elecTrick - Save upto 80% on Power Bill Pre-Order Undo In the automotive industry, design is far more than just a differentiator—it is a strategic tool that shapes both the product and the brand. Designing an automobile demands a precise balance of science, art, and engineering. It involves selecting the right materials, shaping them into optimal forms, and refining the 'touch and feel' of a vehicle to create a memorable customer experience. Every design choice, whether in exterior styling, interior comfort, or the integration of intuitive controls, directly influences consumer perceptions and purchasing decisions. Tata Sierra design explained: Glass panels but no safety compromises! | TOI Auto To achieve this, automakers rely on cross-functional collaboration where design teams work alongside engineering, product development, manufacturing, and marketing departments. This synergy ensures that every vehicle combines technical precision with emotional appeal, ultimately shaping a distinct and enduring brand identity. The automotive design process involves various specialised roles, each contributing unique expertise. Shape designers define the exterior form through sketches and digital renderings, while space designers optimise interior layouts for comfort and functionality. Surface designers select materials, textures, and finishes to enhance the vehicle's tactile and visual appeal, while interaction designers create intuitive controls that blend the latest technology with functional mechanics for safer and seamless user experiences. Redefining the future of mobility The future of mobility is driven by tech innovations and sustainability, reshaping automotive design and user experiences. As consumers increasingly expect granular personalisation with features like internet connectivity, embedded IoT devices, and advanced smart technologies, vehicles are evolving into mobile extensions of the digital ecosystem. Building on this transformation, the growing adoption of autonomous driving technology is prompting a fundamental re-evaluation of vehicle architecture . With self-driving capabilities reducing the need for driver-centric designs, automakers are shifting their focus to occupant-centric layouts, creating more flexible and experiential interiors. A major shift in automotive design is also witnessed by the rapid rise of electric vehicles (EVs). Unlike traditional internal combustion vehicles, EVs offer greater flexibility in layout due to the absence of large engines and complex drivetrains. This allows designers to prioritise spacious, modular interiors and experiment with aerodynamic, minimalist exteriors that enhance energy efficiency. Moreover, as the concept of sustainability takes centre stage for both consumers and brands, the use of eco-friendly materials, recycled components, and energy-efficient manufacturing processes is gaining momentum. With tightening environmental regulations and growing consumer awareness, automakers are increasingly embracing circular design practices to reduce waste and extend vehicle lifecycles. Shaping the way forward Automotive designers are no longer bound by traditional constraints—they are redefining vehicles as dynamic, multifunctional spaces. By leveraging AI, smart sensors, and adaptive systems, vehicles are being transformed into immersive environments that offer personalised comfort, entertainment, and productivity features. The convergence of technology and sustainable principles is enabling the creation of vehicles that forge deeper, more meaningful connections with consumers. Cars are evolving from mere modes of transportation into versatile, experience-driven platforms, reflecting a future where design, innovation, and sustainability are inseparably linked.
Time of India
29 minutes ago
- Time of India
Mini Cooper Countryman E JCW Pack launched in India at Rs 62 lakh: Limited to just 20 units!
Mini India has launched the new Mini Cooper Countryman JCW pack in the Indian market. The electric SUV is priced at Rs 62 lakh (ex-showroom) and will be bought in India via the CBU route. The Mini Countryman JCW pack is limited to just 20 units, interested customers can book it online or by visiting their nearest dealership. The booking amount is set at Rs 1.5 lakh and the deliveries will begin from June 10, 2025. The JCW pack brings a performance-inspired styling upgrade to both its exterior and interior. It is available in two colour options—Midnight Black and Legend Grey—the latter distinguished by black sport stripes. Exterior highlights include a checkered motif across the front grille and bumper, referencing Mini's motorsport roots. Blacked-out alloy wheels, enhanced side skirts, a sportier rear spoiler, and door sills complete the look. It also features JCW badges with a checkered flag motif on the C-pillar and near the charging port. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Device Made My Power Bill Drop Overnight elecTrick - Save upto 80% on Power Bill Pre-Order Undo Moving Inside, it gets a JCW-branded steering wheel featuring a boost mode button, along with sports seats, dark upholstery, and red trim accents across the dashboard. In terms of features, it gets a 9.4-inch round OLED infotainment system, Apple CarPlay/ Android Auto, connected car tech, a Harman Kardon audio system, wireless phone charging, powered front seats, a panoramic sunroof, customizable ambient lighting and more. Safety features include multiple airbags, ABS, tyre pressure monitoring, a rear-view camera, and Level 2 ADAS features. Defender's most Towering version: India plans, electric Defender and more | TOI Auto Talking about the battery and e-motor, it gets a 66.45 kWh battery pack paired with an electric motor which puts out 204 hp and 250 Nm of peak torque. It has a WLTP range of 462 km on a single charge. It accelerates from 0 to 100 km/h in 8.6 seconds and has a top speed of 170 km/h. Using a 130 kW DC charger, the battery pack can be charged from 0-80 percent in just under half an hour and a full charge from 0 to 100 percent with an 11kW AC charger takes approximately 6.4 hours. Discover everything about the automotive world at Times of India .
