Gold price prediction today: Gold prices are seeing consolidation, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices extended last week’s decline, hovering near one-month lows as a stronger US dollar and a sharp surge in crude oil continued to pressure sentiment. The rally in oil, which is driven by escalating US-Iran tensions and ongoing disruptions in the Strait of Hormuz, has heightened fears of an energy-led inflation shock, reinforcing expectations of a prolonged higher interest rate environment. Major central banks, including the Fed, ECB, BOE, and BOJ, signalled a cautious to hawkish stance, weighing bullion. While intermittent optimism around diplomatic talks between the US and Iran offered limited support, uncertainty remains elevated as negotiations stay fragile.Looking ahead, markets will closely track 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 Band structure. The recent rebound from the lower band around 138,000–140,000 indicates strong buying interest at lower levels, while inability to reclaim the middle band near 152,200 suggests the broader trend remains neutral to mildly bearish. Bollinger Bands are gradually narrowing, pointing toward a potential range-bound phase before a breakout. Immediate resistance is placed at 152,200–155,000 (mid to upper band zone), with a stronger ceiling near 170,000. On the downside, support is seen at 149,200, followed by a key base around 145,000 and major support near 139,000. A sustained move above the middle band could shift momentum higher, while rejection may keep prices confined within current range this week.(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.)
