Gold price prediction at present: What’s the gold rate outlook for July 18, 2025; does a ‘purchase on dip’ strategy make sense?

Gold price prediction at present: Gold costs have been considerably secure in the previous couple of days, with protected haven property being in focus whilst international financial uncertainty wanes regardless of US President Donald Trump’s tariff insurance policies. A robust greenback has capped good points in gold. What’s the outlook for gold costs and what strategy ought to traders undertake in the present situation? Here’s the evaluation from Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities:Gold costs have proven resilience round key assist ranges, with the MCX Gold August Futures presently buying and selling round ₹97,480. The underlying tone stays cautiously optimistic, supported by a bounce from crucial transferring common confluence. With momentum indicators exhibiting indicators of stabilization, the intraday bias shifts in the direction of a Buy on Dip strategy close to ₹97,350, with draw back threat capped round ₹96,800.Technical Setup:1. EMA Alignment Signals Support: The 8-period EMA stands at ₹97,450, whereas the 21-period EMA is at ₹97,350. The price is presently testing the 21-EMA assist, creating a favorable entry zone round ₹97,350. This confluence of transferring averages offers a sturdy basis for potential upward momentum. 2. Bollinger Bands Indicate Consolidation: The Bollinger Bands present price motion consolidating inside the bands, with the decrease band offering assist close to the ₹97,350 zone. This tight vary suggests potential volatility growth, favoring a breakout situation as soon as the accumulation section completes. 3. Pivot Point Perspective: Previous day’s pivot factors reveal sturdy assist confluence round the ₹97,350 degree. The price construction exhibits respect for these technical ranges, with a number of touches confirming the zone’s significance for intraday positioning. 4. RSI (14) Reading: The Relative Strength Index is presently in impartial territory, suggesting room for upward motion with out rapid overbought considerations. This positioning helps the buy-on-dip thesis as momentum can increase in both course. 5. MACD Momentum: The MACD indicator exhibits potential bullish divergence forming, with the histogram suggesting underlying power constructing. This technical sample usually precedes renewed upward momentum from assist zones. 6. Price Structure and Volume: Recent price motion exhibits sturdy shopping for curiosity close to the ₹97,350 assist degree, with quantity accumulation suggesting institutional participation. The price closing above key congestion zones confirms sustained demand at these ranges.Conclusion:Gold intraday bias stays constructive on pullbacks. Traders can undertake a Buy on Dip strategy close to the ₹97,350 mark, inserting a protecting stop-loss at ₹96,800. Upside targets for the session might be ₹97,800 and ₹98,200, supplied the international sentiment stays supportive and costs maintain above the 21-period EMA confluence. (Disclaimer: Recommendations and views on the inventory market and different asset lessons given by specialists are their very own. These opinions don’t signify the views of The Times of India)