Gold price prediction: What’s the gold outlook for February 13, 2026 & should you sell on rise?
Gold price prediction today: Gold prices are struggling to retain higher levels and a sell on rise intra-day strategy is recommended by Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Gold futures on MCX are trading near ā¹1,54,350 after witnessing a sharp breakdown from higher levels. The recent recovery attempt appears corrective in nature, with price struggling to sustain above short-term resistance. The broader intraday structure remains weak following the sharp sell-off, and rallies toward resistance are likely to attract fresh selling pressure.Gold Technical Setup:EMA 8 & EMA 21:Price is trading below both the 8 EMA and 21 EMA, confirming a bearish short-term structure. The moving averages are sloping downward, indicating sustained selling momentum. The ā¹1,54,500 zone coincides with the EMA resistance cluster, making it a strong supply area.Bollinger Bands:Gold has bounced from the lower Bollinger band but remains below the mid-band. This suggests that the current move is a pullback within a broader bearish phase rather than a reversal.Price Structure:The chart shows a clear breakdown followed by a lower high formation. Until price reclaims ā¹1,56,500 decisively, the intraday bias remains negative.RSI Indicator:RSI is hovering near 42, reflecting weak momentum and staying below the neutral 50 mark. This supports continuation of downside pressure.MACD:MACD remains in negative territory despite minor flattening. The absence of a bullish crossover indicates that selling pressure has not fully exhausted.Intraday Trading View:
- Strategy: Sell on rise
- Entry Level: ā¹1,54,500
- Stop-Loss: Above ā¹1,56,500
- Targets: ā¹1,52,000 and ā¹1,51,000
- Bias: Bearish below ā¹1,54,500; reversal only above ā¹1,56,500.
(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)
