Gold price prediction (AI image)
Gold price prediction today: Gold prices suggest an underlying bullish bias, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. The commodities’ expert shares the factors that will guide gold prices in the coming days and key levels to watch out for:Gold breached the $5,000 mark last week, supported by softer US inflation that strengthened expectations of policy easing by the Federal Reserve and pushed Treasury yields lower. Headline CPI rose less than forecast, while comments from Kevin Warsh reinforced prospects of rate cuts, keeping real yields subdued and aiding bullion demand. However, mixed voices in FOMC meeting minutes raised doubts on the pace of rate cut this year. Safe-haven interest stayed firm amid geopolitical tensions, particularly around the Strait of Hormuz and ongoing Iran negotiations. Meanwhile, more than 50moz exited COMEX vaults this year, highlighting robust physical silver demand. Thin liquidity due to holidays in China and the US kept trading ranges tight.Focus this week will be on Comments from President Trump, China’s market opening, US factory orders, PPI and consumer confidence. Technically, Gold Mini Futures on the daily chart are consolidating after a sharp rally, forming a short-term symmetrical triangle just around the 158,000 zone, indicating a pause before the next directional move. Bollinger Bands show price holding above the mid-band (~153,000), suggesting underlying bullish bias, while the bands have started to contract, signaling a volatility squeeze and potential breakout in the coming weeks. Immediate resistance is seen at 158,000, followed by the upper band near 165,000 if momentum expands. On the downside, key support lies at 152,000 (mid-band region), with stronger cushions around 145,000 and the lower band near 140,000. A sustained close above 158,000 could trigger trend continuation, whereas a breakdown below 152,000 may invite short-term corrective pressure.(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)
