Lower highs and lower lows on the intraday chart confirm a short-term bearish trend. (AI image)

Gold price prediction today: Gold prices are exhibiting weakness on an intraday basis, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He shares the intraday strategy for investors of gold and key levels to watch out for today:Gold futures are trading near ₹1,64,200 after witnessing a corrective bounce from lower levels. The broader intraday structure continues to reflect weakness, with prices failing to sustain above the short-term resistance band. The recent recovery appears to be a pullback within a broader downtrend, keeping the bias tilted toward selling on higher levels.Technical Setup:EMA Structure:Price is trading below the short-term moving average cluster, with rallies facing rejection near resistance levels. The inability to reclaim higher resistance zones suggests supply dominance in the ₹1,65,000–₹1,66,000 band.Price Structure:Lower highs and lower lows on the intraday chart confirm a short-term bearish trend. The recent consolidation lacks strong bullish follow-through, indicating that the bounce is corrective rather than impulsive.Momentum Indicators:RSI remains below the strong bullish zone and shows no breakout momentum. MACD remains in negative territory despite minor flattening, indicating that underlying selling pressure persists.Support & Resistance Levels:

Repeated rejection near the resistance cluster strengthens the sell-on-rise outlook.(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)