Gold bugs, beware! The glitter might be fading, at least for today. Intraday analysis reveals a weakening bias in gold prices, suggesting traders might want to consider selling on any upward rallies.
Technical indicators are flashing warning signals. Resistance appears strong in the ₹1,22,700–₹1,22,850 range. A bearish crossover in moving averages further reinforces the potential for continued downward pressure. What does this mean? In simple terms, the short-term trend is looking bearish.
Of course, market predictions are never a sure thing. Always do your own research and consult with a financial advisor before making any investment decisions.
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**Disclaimer:** This is not financial advice. Trade at your own risk.
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