Gold has rebounded sharply from the lower Bollinger band and is moving toward the upper band. (AI image)

Gold price prediction today: Gold prices seem to be seeing some rebound and the outlook remains constructive, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Buy on Dips Strategy; Support Seen Near ₹1,56,300–₹1,56,400Gold futures on MCX are trading near ₹1,56,600 after staging a strong recovery from recent lows. The price action suggests that buyers have regained control following a sharp rebound, with prices now holding above key short-term support levels. The overall intraday structure remains constructive as long as the support zone continues to hold.Technical SetupEMA 8 & EMA 21:The 8 EMA has crossed above the 21 EMA, indicating a bullish shift in short-term momentum. Prices are trading above both moving averages, confirming that dips are likely to attract fresh buying interest.Bollinger Bands:Gold has rebounded sharply from the lower Bollinger band and is moving toward the upper band. This indicates strengthening momentum and supports a continuation of the recovery move.Price Structure:The chart reflects a strong V-shaped recovery after a sharp sell-off. Higher highs and higher lows on the intraday timeframe indicate renewed buying interest and accumulation near support zones.RSI Indicator:RSI is near 57, comfortably above the neutral 50 mark, suggesting improving bullish momentum while still leaving room for further upside.MACD:MACD has witnessed a bullish crossover with positive histogram expansion, confirming strengthening upward momentum.⁠Intraday Trading View

Bias: Bullish above ₹1,56,300; weakness resumes only below ₹1,55,800.Gold’s intraday technical structure has turned positive following a sharp recovery from lower levels. The bullish EMA crossover, improving RSI, and positive MACD setup indicate strengthening momentum. Traders may consider buying on dips near ₹1,56,300–₹1,56,400, maintain a strict stop-loss below ₹1,55,800, and look for an upside move toward ₹1,57,200 during the session.Bias: Buy on Dips | Support: ₹1,56,300–₹1,56,400 | Target: ₹1,57,200BUY GOLD JUN FUT ₹1,56,300–1,56,400 | SL ₹1,55,800 | TARGET ₹1,57,200.(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.)