Gold price prediction: Why are gold prices seeing weakness on April 17, 2026 & what should investors do?

Gold’s intraday technical structure remains weak with bearish EMA alignment, declining RSI, and negative MACD signals. (AI image)

Gold price prediction today: Gold prices are exhibiting weak signals on an intra-day basis, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.Gold futures on MCX are trading near ₹1,52,870 after witnessing consistent selling pressure from higher levels. The price action reflects a short-term downtrend with lower highs forming, indicating supply dominance on rallies. The recent bounce appears corrective, and resistance zones are likely to attract fresh selling interest.Technical SetupEMA 8 & EMA 21:Price is trading below the short-term EMA cluster, with EMA 8 positioned below EMA 21, confirming a bearish crossover. The ₹1,53,000–₹1,53,250 zone aligns with this EMA resistance, strengthening it as a sell-on-rise area.Bollinger Bands:Gold is trading near the lower Bollinger band, indicating sustained downside pressure. Any pullback toward the mid-band is likely to act as a selling opportunity.Price Structure:The chart shows a clear lower-high and lower-low formation, confirming a short-term bearish trend. Unless price reclaims ₹1,54,000, the downside bias remains intact.RSI Indicator:RSI is near 31, approaching oversold territory. While this may trigger minor pullbacks, it does not indicate a reversal yet.MACD:MACD remains in negative territory with weak momentum, suggesting continued bearish control.Intraday Trading View

Gold’s intraday technical structure remains weak with bearish EMA alignment, declining RSI, and negative MACD signals. The resistance zone near ₹1,53,000–₹1,53,250 is likely to attract selling pressure. Traders are advised to sell on rise in the given range, maintain a strict stop-loss above ₹1,54,000, and look for a downside move toward ₹1,51,500 during the session.Bias: Sell on Rise | Resistance: ₹1,53,250 | Target: ₹1,51,500(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)