gold price prediction today: : According to Manav Modi, Senior Analyst, Commodity Research, Motilal Oswal Financial Services Limited, gold prices are seeing strength.Gold prices extended last week’s losses and edged closer to a one-month low as a stronger US dollar and a sharp rise in crude oil continued to weigh on sentiment. Oil’s rally, driven by escalating US-Iran tensions and ongoing disruptions in the Strait of Hormuz, has heightened fears of an energy-led inflation shock, boosting expectations of a prolonged high interest rate environment. Major central banks including Fed, ECB, BOE and BOJ signaled a cautious stance while weighing on bullion. While intermittent optimism over diplomatic talks between the US and Iran has offered limited support, uncertainty remains as talks remain fragile.Looking ahead, markets will closely monitor global PMI releases and US labor market data for further direction on inflation and policy outlook.Gold is showing signs of consolidation after a sharp corrective decline, with prices stabilizing near the lower half of the Bollinger Bands structure. The recent bounce from the lower band around 138,000-140,000 indicates strong buying interest at lower levels, while the inability to reclaim the middle band near 152,200 suggests that the broader trend remains neutral to mild bearish. The Bollinger Bands are slowly shrinking, pointing to a possible range-bound phase before the breakout. Immediate resistance is placed at 152,200-155,000 (middle to upper band area), with a higher range near 170,000. On the downside, support is seen at 149,200, followed by key base around 145,000 and key support near 139,000. A sustained move above the mid-band could extend the momentum further, while rejection could keep prices limited within the current range this week.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management tips are their own. These opinions do not represent the views of The Times of India.)
