Latest news with #CommodityandCurrency
Time of India
08-08-2025
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for August 8, 2025 as it sustains above RS 1 lakh mark; why a 'buy on dips' strategy makes sense?
Gold price prediction: Market structure and momentum indicators favor a Buy on Dips approach. (AI image) Gold price prediction today: Gold rates are moving upwards as demand for safe haven assets stays in focus. 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 October Futures on MCX extended their upward momentum in early trade, supported by strong buying interest and a technical breakout above key short-term resistance levels. The contract is currently trading around ₹1,01,930 after hitting an intraday high near ₹1,02,300. Market structure and momentum indicators favor a Buy on Dips approach, with ideal entry opportunities near ₹1,01,500 and a stop-loss at ₹1,00,800. Gold Technical Setup Overview: 1. EMA Alignment – Short-Term Bullish Bias: The 8-period EMA (₹1,01,900) has crossed above the 21-period EMA (₹1,01,500), signalling bullish momentum. Price action is holding above both averages, suggesting that pullbacks to the ₹1,01,500 zone are likely to attract fresh buying. 2. Bollinger Bands – Expansion Phase: Price is trading near the upper band after a volatility expansion, indicating strong upside momentum. While short-term consolidation is possible, the broader bias remains positive unless the middle band (near ₹1,01,500) is breached decisively. 3. Pivot Point & Support Zones: Yesterday's pivot levels place strong support around ₹1,01,500, which also aligns with EMA 21 and a previous breakout zone. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3, 3.5 & 4 BHK Apartments Near HITEC City from ₹1.65 Cr Honer Signatis Book Now Undo This confluence makes it a key demand area for intraday traders. 4. Momentum Indicators – RSI & MACD: • RSI is holding comfortably above the 60 level, showing strength but not yet in extreme overbought territory. • MACD is in positive crossover territory, supporting continuation of the upward trend. 5. Volume & Open Interest: A surge in volume during the breakout rally indicates strong participation from buyers. Open interest remains steady, hinting that positions are being built rather than liquidated. Intraday Trade View: • Strategy: Buy on Dips • Entry Zone: ₹1,01,500–₹1,01,550 • Stop-Loss: ₹1,00,800 • Upside Targets: ₹1,02,300 followed by ₹1,02,800 if momentum sustains • Bias: Bullish until price closes below ₹1,01,500 on the 30-minute chart Conclusion: The confluence of EMA support, positive momentum indicators, and strong volume-backed breakout suggests that gold remains in an intraday uptrend. Traders may look to accumulate on dips towards ₹1,01,500, keeping a tight risk management framework. A sustained move above ₹1,02,300 could open the gates for further upside in the short term. Stay informed with the latest business news, updates on bank holidays and public holidays .
Time of India
01-08-2025
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for August 1, 2025; why a 'sell on rise' strategy makes sense?
Gold price prediction: Gold futures remain under pressure as the MCX Gold October Futures contract struggles to recover from recent declines. (AI image) Gold price prediction today: Gold rates continue to hover in a range as news on Donald Trump's trade policies flows in. 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 remain under pressure as the MCX Gold October Futures contract struggles to recover from recent declines. After a brief pullback from the intraday lows, prices are currently hovering around ₹98,778, with key technical indicators pointing to a weak rebound lacking bullish momentum. In light of the current setup, traders are advised to adopt a Sell on Rise strategy near ₹99,000, with a stop-loss at ₹99,450. Technical Setup Overview: EMA Resistance Cluster: The 8-period EMA is at ₹98,765, and the 21-period EMA is at ₹98,800. Price is trying to reclaim these levels but is struggling to close decisively above either, indicating hesitation and overhead resistance. A failure to sustain above ₹99,000 would confirm bearish control. Bearish Price Structure: A clear lower-high lower-low formation dominates the 15-minute chart. The attempt to bounce back from the ₹98,600–₹98,700 zone is facing headwinds from the declining short-term moving averages. Selling interest is visible on every upward tick. Volume and Open Interest: Despite a modest bounce, volume remains uneven and not supportive of a bullish reversal. Open interest trends also suggest caution, with no aggressive long buildup detected. This favors the view of a corrective pullback rather than a trend change. Pivot Point & Supply Zone: The previous day's pivot and price action suggest that the ₹99,000–₹99,200 range remains a critical resistance zone. The multiple failed attempts to hold above this level make it an ideal sell zone for intraday setups. Momentum Indicators – RSI & MACD: • The RSI is approaching the 50–52 zone but has not broken above convincingly, implying weak upside momentum. • While the MACD is not visible in the chart, the price structure suggests a shallow or weak crossover at best, lacking strength to confirm bullish continuation. Conclusion: Given the confluence of resistance around ₹99,000, lack of follow-through volume, and weak momentum, traders may consider a Sell on Rise strategy in the range of ₹99,000–₹99,100, maintaining a stop-loss at ₹99,450. Downside targets include ₹98,550, followed by ₹98,200 if selling intensifies. Until the price decisively breaks and sustains above the 21 EMA with supportive volume, the trend remains vulnerable to further declines. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Time of India
25-07-2025
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for July 25, 2025; why a 'sell on rise' strategy makes sense?
Gold price prediction today: The short-term outlook for gold remains cautious, with bearish signals intact across major indicators. (AI image) Gold price prediction today: Gold rates will be under pressure with a bearish outlook for the near term, say analysts. Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities: Gold futures on MCX (Contract: 05AUG2025) continue to trade under pressure after a short-lived recovery, with technical indicators signaling that upside potential remains capped. The price is currently hovering around ₹98,749 after a sharp two-day decline, with short-term moving averages indicating a bearish structure. As a result, today's outlook favors a Sell on Rise strategy in the ₹99,000 zone, with a stop-loss at ₹99,450. Technical Breakdown: 1. EMA Resistance Holding Firm: The 8-period EMA stands at ₹98,735, while the 21-period EMA is at ₹98,700. Prices are currently sandwiched between these averages, but the broader trend shows a sustained failure to break above either decisively. This crossover pattern reinforces a weak recovery structure and favors short positions at resistance zones. 2. Bollinger Band Positioning: The price has been rejecting the middle band and is unable to approach the upper band convincingly. This behavior typically reflects low buying strength and enhances the probability of price rolling over near higher levels. 3. Pivot Points as Resistance: The immediate pivot-based resistances lie between ₹98,950 and ₹99,200. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Stunning Photographs from History's Most Defining Events Undo A supply zone around ₹99,000 has been tested but not convincingly breached, confirming it as a sell-trigger level for intraday traders. 4. RSI Analysis: RSI is currently at 51.98, having rebounded from sub-30 levels but struggling to sustain above 60. This mid-zone reading indicates a lack of bullish momentum and supports the view of limited upside. 5. MACD (Not Shown, Implied from Trend): Although a minor crossover may have occurred during the bounce, the MACD histogram likely remains flat or mildly positive. There is no strong bullish divergence to suggest a trend reversal, implying rallies may remain corrective. 6. Price Structure and Reversal Zones: Price continues to follow a lower-high lower-low structure on the intraday chart. The recent bounce appears more like a technical pullback rather than a change in trend. Selling near key resistance levels offers a favorable risk-reward setup. Conclusion: The short-term outlook for gold remains cautious, with bearish signals intact across major indicators. Intraday traders may look to Sell on Rise near ₹99,000, keeping a stop-loss at ₹99,450 and aiming for potential downside targets of ₹98,400 and ₹98,150. Weak momentum, resistance-heavy zones, and failed recovery above moving averages all point to the likelihood of further downside. 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
18-07-2025
- 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
