Gold price prediction today (22 August 2025): Gold rates have been stabilizing and analysts are eyeing a buy on dips strategy. Gold prices on MCX are currently trading around ₹99,250, showing signs of stabilization after recent declines. The short-term structure on the charts suggests that a Buy on Dips strategy may be favored, especially near the ₹99,000 pivot support zone, with a stop-loss placed at ₹98,600.
Gold Technical Setup Overview:
- Pivot Points & Support Zone:
- Daily Pivot stands at ₹99,074, with immediate support near ₹99,000.
- Stronger support lies at ₹98,743 (S1) and ₹98,182 (S2).
- On the higher side, resistance levels are visible at ₹99,970 (R2) and ₹1,00,531 (R3).
- Bollinger Bands – Price Stabilization:
Gold recently tested the lower Bollinger band and has now started consolidating near the mid-band. This reflects fading downside pressure, with scope for a bounce if momentum sustains above the pivot levels.
- Momentum Indicators – RSI & MACD:
- RSI is currently near 48, recovering from oversold territory, indicating renewed buying strength.
- MACD is turning positive with a crossover near the signal line, suggesting improving bullish momentum in the intraday timeframe.
- ADX – Trend Strength:
The ADX reading near 24 reflects that the recent downtrend is losing steam, while directional indicators (DI+) are catching up. This hints at the possibility of a near-term trend reversal towards the upside. - Volume Action:
Recent green volume bars indicate accumulation at lower levels, supporting the case for a buy-on-dips approach.
Gold price prediction today & Intraday Trade Outlook:
- Strategy: Buy on Dips
- Entry Zone: ₹99,000 – ₹99,050
- Stop-Loss: ₹98,600
- Upside Targets: ⬆️
- First Target: ₹99,750 (R2 resistance)
- Second Target: ₹1,00,300 – ₹1,00,530 (R3 resistance)
- Bias: Bullish above ₹99,000; weakness resumes only if price closes below ₹98,600.
Conclusion:
With RSI recovering, MACD turning positive, and prices holding above the key pivot support of ₹99,000, the technical setup favors a buy on dips strategy for intraday traders. If gold sustains above ₹99,750, it could open the path towards ₹1,00,500+ in the short term.