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Time of India
11 hours ago
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for June 20, 2025; why a 'sell on rise' strategy makes sense?
LKP Securities says traders should follow a Sell on Rise approach as long as prices remain below the ₹99,150–₹99,350 resistance zone. (AI image) Gold price prediction today: Gold prices have shown a weak trend in the past few days. Where are gold rates headed in the near-term and what should investors of gold do? Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities: Gold prices opened with a significant gap-down in the June 20 session, reflecting prevailing weakness in COMEX Gold, and continue to trade with a bearish tone in domestic markets. The MCX Gold August Futures contract (05AUG2025) is currently quoting near ₹98,722 after touching an intraday low of ₹98,705, indicating persistent selling pressure at higher levels. Gold Price Outlook From a technical standpoint, the current setup favors a "Sell on Rise" strategy around the ₹99,000–₹99,150 levels. Here's why: 1. EMA Resistance Levels: The 8-period EMA is currently placed at ₹99,150, and the 21-period EMA is at ₹99,350. Prices are trading well below both averages, signaling a clear short-term downtrend. Any intraday pullback toward these levels is likely to attract fresh selling. 2. Bollinger Bands: The price action is hugging the lower Bollinger Band, a typical sign of trend continuation in strong bearish momentum. There's no indication of mean reversion yet, which suggests that rallies may be limited and short-lived. 3. Pivot Points: The previous day's pivot level near ₹99,200–₹99,350 now acts as a key resistance zone. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 가장 편안한 농장 게임. 설치 필요 없음 Taonga 플레이하기 Undo Failure to reclaim this zone reinforces the bearish outlook. 4. RSI (14): The Relative Strength Index is hovering near 32.75, which is close to the oversold region but not yet showing signs of bullish divergence. This supports the argument for further weakness before any meaningful reversal. 5. MACD: The MACD indicator is strongly negative with the MACD line at -34.71 and the histogram indicating increasing bearish momentum. The signal line remains far below zero, indicating a continuation of the downward trend. 6. Price Action & Gap Analysis: Today's gap-down open confirms a breakdown from the range-bound structure observed between June 17–19. This price gap indicates strong selling interest, likely due to pressure in international gold prices and a firmer dollar index. Conclusion: Traders are advised to follow a Sell on Rise approach as long as prices remain below the ₹99,150–₹99,350 resistance zone. The immediate downside targets lie near ₹98,300 and further lower toward ₹98,000 if the bearish sentiment intensifies. A stop loss can be considered above ₹99,500 to protect against unexpected short-covering rallies. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
4 days ago
- Business
- Hans India
Top Features of Quotex Every New Trader Should Use
Starting out in online trading can feel overwhelming — especially with so many platforms available. For beginners, choosing the right tools and understanding how to use them is key to building confidence and success. That's where Quotex stands out. Quotex is a user-friendly digital trading platform that allows you to trade various assets, such as currencies, cryptocurrencies, commodities, and indices. What makes it especially beginner-friendly is its simplicity and set of helpful features designed to support new traders from day one. Here are the top features of Quotex every new trader should use. 1. Free Demo Account with $10,000 Virtual Balance One of the best things Quotex offers is a free demo account. It gives you $10,000 in virtual funds to practice trading in real market conditions — without risking real money. Why this is great for beginners: You can test different strategies. You learn how to use the platform safely. You build confidence before trading with real money. You can switch between demo and real accounts instantly, which is perfect for learning on the go. 2. Low Minimum Deposit and Trade Amount Many platforms require large deposits to start trading, but not Quotex. The minimum deposit is just $10, and the minimum trade amount is only $1. This is ideal for: New traders with a small budget. Learning how to manage risk. Practicing real trades with low pressure. These low barriers allow you to ease into trading without feeling financially stressed. 3. Clean and Easy-to-Use Interface The design of Quotex is simple and modern. You won't find cluttered menus or confusing options. Everything is organized clearly, making it easy for beginners to: Choose assets to trade. Set trade times and amounts. Analyze charts and indicators. This clean interface means you can focus on learning and trading — not getting lost in settings. 4. Over 40+ Technical Indicators Quotex includes built-in charting tools and technical indicators to help you analyze the market. Even if you're just getting started, these tools are easy to use and help you understand how prices move. Popular beginner-friendly indicators: Moving Averages (MA): Helps identify trends. Helps identify trends. Relative Strength Index (RSI): Shows when a market is overbought or oversold. Shows when a market is overbought or oversold. Bollinger Bands: Indicates price volatility. These tools help you make more informed trading decisions instead of guessing. 5. Wide Selection of Assets With Quotex, you're not limited to just one type of market. You can trade a variety of assets, including: Currencies (e.g., EUR/USD, GBP/JPY) Cryptocurrencies (e.g., Bitcoin, Ethereum) Commodities (e.g., gold, oil) Indices (e.g., S&P 500, Nasdaq) This variety allows you to try different markets and find what suits your style. 6. Fast Trade Execution and Real-Time Data Quotex offers fast order execution, which is crucial for traders — especially in short-term trading. You also get real-time price updates, so you always know exactly where the market stands. This reduces slippage and ensures more accurate trading. 7. Customizable Trade Timeframes When placing a trade, you can set how long the trade should run — from as little as 60 seconds to several minutes. Why this is helpful: Short trades help you learn faster through quick feedback. Longer trades let you explore trend-based strategies. You control how fast or slow you want to trade. This flexibility helps you find your comfort zone as a new trader. 8. One-Click Trading and Re-Trade Feature Quotex makes it easy to place trades with just one click. There's also a 're-trade' button that lets you quickly repeat a previous trade — useful when testing a strategy. These features save time and simplify your process, especially when practicing in the demo account. 9. Mobile and Web Accessibility You can trade with Quotex through a web browser or on your trading mobile device. There's no need to download heavy software or apps. This is perfect for beginners who want to: Learn on the move Practice during free time Stay connected to the market wherever they are 10. Multiple Payment and Withdrawal Options Quotex supports a wide variety of payment methods, including: Credit/debit cards E-wallets (like Perfect Money, Advcash) Cryptocurrencies Withdrawals are usually processed quickly, and there are no hidden fees, which is helpful for those new to online transactions. Conclusion Whether you're just starting your trading journey or want a simple platform to grow your skills, Quotex provides all the right tools. From the free demo account and easy interface to powerful indicators and low-cost entry, it offers a complete package for beginners. Take advantage of these features to learn faster, trade smarter, and build your trading confidence one step at a time. Ready to try it out? Open demo account today and start learning by doing — it's the best way to grow as a trader.
Time of India
13-06-2025
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for June 13, 2025 after Israel strikes Iran - should you buy or sell?
Gold price prediction: The ₹99,000 level, coinciding with the 21-day EMA, represents the most logical support zone for dip buying in this new bullish environment. (AI image) Gold price prediction today: MCX Gold August 2025 contract has opened with a spectacular gap up at ₹100,300, marking a massive surge of over 1,800 points from previous levels. This dramatic move is likely triggered by overnight geopolitical tensions on Israel attacks on Iran Nuclear sites. Dollar weakness at 98$, has created a new bullish paradigm for the precious metal. While the gap up presents immediate profit opportunities, seasoned traders are positioning for strategic buy-on-dips entries. Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities: Technical Transformation After Gap Opening Previous Close: ₹98,400 Gap Up Opening: ₹100,300 (+1,800 points) The massive gap up has completely altered the technical landscape: Price has decisively broken above all previous resistance levels Moving averages are now acting as support rather than resistance RSI has moved into overbought territory but shows strong momentum MACD histogram is showing explosive positive momentum Key Technical Recalibration Intraday: EMA 8: ₹99,500 (now strong support) EMA 21: ₹98,800 (primary support zone for dip buying) RSI (14): 84.72 (overbought but trending higher) MACD: Massive positive divergence with histogram at 84.74 Bollinger Bands: Price trading well above upper band, indicating strong momentum Primary Strategy: Buy Gold on Dips Near ₹99,000 Strategic Foundation: The ₹99,000 level, coinciding with the 21-day EMA, represents the most logical support zone for dip buying in this new bullish environment. This level offers multiple confluence factors: 1. EMA 21 Support: The 21-period moving average at ₹99,000 provides dynamic support 2. Psychological Level: Round number support with strong psychological significance 3. Gap Fill Protection: Sufficient distance from gap opening to avoid immediate fill 4. Volume Profile: High volume acceptance above ₹99,000 during previous sessions 5. Fibonacci Support: 50% retracement of recent rally from ₹97,500 to current levels Entry Parameters: Primary Buy Zone: ₹98,900-99,100 Optimal Entry: ₹99,000 Stop Loss: ₹98,600 (below EMA 21 with buffer) Target 1: ₹100,000 Target 2: ₹100,500 (psychological level) Risk-Reward Analysis: Maximum Risk: 400 points (from ₹99,000 to ₹98,600) Minimum Reward: 1,000 points (to ₹100,500) Risk-Reward Ratio: 1:3 (Exceptional for momentum trades) Stop Loss Management: Initial Stop: ₹98,600 (strict discipline required) Trailing Stop: Move to breakeven after 50% of Target 1 achieved Profit Protection: Secure 75% profits at Target 2 Conclusion The gap up opening in gold has created a paradigm shift from resistance-based selling to support-based buying strategies. The ₹99,000 level offers an exceptional risk-reward opportunity for traders looking to capitalize on this momentum breakout. However, the elevated volatility demands disciplined execution and strict adherence to risk management protocols. The technical setup strongly favors buyers on any weakness, with multiple confluence factors supporting the ₹99,000 zone. Traders should remain patient, wait for the market to come to them, and execute the strategy with precision when the opportunity presents itself. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
12-06-2025
- Automotive
- Business Standard
Bajaj Auto, Tech Mahindra, L&T Tech: Analyst pick 3 stocks to buy today
Stock recommendations: Bajaj Auto Bajaj Auto appears to be in its fifth impulsive wave after completing Wave 4, indicating the continuation of its uptrend. The stock is witnessing steady volume, and the price has managed to close above all major Exponential Moving Averages (EMAs), reinforcing the bullish bias. The Relative Strength Index (RSI), after a brief cool-off, has started moving upward, supporting the ongoing price action. Additionally, DI+ trading above DI− signals a bullish stance, while the ADX above DI− suggests strength in the uptrend. As long as the stock sustains above ₹8,400, it remains well-positioned to move higher towards ₹9,300, followed by ₹9,500. Bajaj Auto: ₹8,719 Stop Loss: ₹8,400 Tech Mahindra Tech Mahindra (TECHM) has given a breakout from a Flag and Pole pattern, indicating a continuation of the prior uptrend. The breakout is accompanied by an increase in volume, highlighting strong buying interest at current levels. The stock is trading above both the 21-period (fast) and 100-period (slow) Exponential Moving Averages (EMA), which further reinforces the bullish sentiment. The Relative Strength Index (RSI), after a cool off, has resumed its upward movement, lending additional support to the positive price action. Furthermore, the DI+ crossing above DI- following a consolidation phase signals a bullish stance. The ADX moving above DI- indicates that strength is building in the ongoing uptrend. Strategy: The stock can be considered for buying at current levels as long as it holds above ₹1,550. Potential upside targets are ₹1,770 and ₹2,000. Tech Mahindra: ₹1,637.50 Stop Loss: ₹1,550 Target Price: ₹1,700/2,000 L&T Technology Services LTTS has given a breakout above a falling trendline, accompanied by a volume surge, indicating strong buying interest at current levels. Additionally, the stock has broken out of the Bollinger Bands after a prolonged consolidation period, with an expansion in band width suggesting increased volatility and a confirmed breakout. The Relative Strength Index (RSI) is trading in the higher range, supporting the bullish outlook. Overall, the technical setup indicates that the stock is well-positioned to move higher towards ₹4,900, followed by ₹5,150, with a stop-loss placed at ₹4,400. L&T Technology Services: ₹4,584.90 Stop Loss: ₹4,400
Time of India
09-06-2025
- Business
- Time of India
Commodity Radar: Sell gold on rise as yellow metal consolidates. 5 technical factors to watch out for
Gold traded rangebound on Monday amid a lack of triggers from international markets. The August MCX gold contracts moved within a 650-point range while slipping into the red. The weakness could be attributed to easing US–China trade tensions, while a higher-than-expected U.S. jobs report dampened expectations of interest rate cuts by the Federal Reserve. Lower rates are beneficial for the non-yielding yellow metal. Around 1:30 pm today, the August gold futures were trading at Rs 96,851 on the MCX, down by Rs 185 or 0.19%. Meanwhile, on COMEX, gold contracts were trading at $3,348.80 per troy ounce, up by $2.20 or 0.07%. Tech view Weekly Technical & Fundamental Outlook – MCX Gold (05 Aug 2025 Contract) Week Ending: June 7, 2025 Closing Price: Rs 97,036 Key support & resistance: Gold has turned sideways after a failed breakout attempt above Rs 98,700. The price was rejected near the upper Bollinger Band, forming a near-term double top around Rs 98,800–Rs 98,900. A steady base is forming around Rs 96,300–Rs 96,500, with the support zone at Rs 96,300 and major swing resistance at Rs 98,700. The short-term top is estimated at Rs 1,01,000. Trivedi said that a close below Rs 96,300 may invite selling pressure toward Rs 94,800–Rs 93,500, while a decisive breach above Rs 98,700 could lead to a rally toward Rs 1,01,000. RSI (14): 54.23 A neutral-to-mild bearish bias is seen as the RSI has cooled off from earlier highs and now hovers near the midline at 54, reflecting reduced bullish momentum. It is neither overbought nor oversold, indicating consolidation. Sustained weakness below 50 may confirm downside pressure. Bollinger Bands: Consolidation with resistance at the upper price band. The price was rejected at the upper Bollinger Band. Now, Rs 96,800 could open downside expansion. Moving Averages: Price is struggling around support EMA 8 (Red): Rs 97,300 EMA 21 (Yellow): Rs 96,400 The price has slipped below the EMA 8, indicating short-term weakness, while the EMA 21 continues to provide support. A close below Rs 96,400 would be structurally negative, favoring a bearish trend shift. MACD: Flat momentum with fading bullishness MACD Line: 727.68 Signal Line: 657.42 → Still bullish Histogram: 70.25 → Slightly weakening While the MACD remains positive, the histogram reflects declining bullish momentum. A bearish crossover is not confirmed yet but could occur if selling pressure continues. Trading strategy: Sell on rise with tight stop loss Gold is currently in a wait-and-watch zone with a mild bearish tilt. As long as Rs 98,700 is not breached on a closing basis, rallies are expected to face selling pressure. A break below Rs 96,400 could accelerate the downside toward Rs 94,800. Sell on rise: Rs 97,600–Rs 98,000 Stop Loss: Rs 98,700 (on closing basis) Targets: Rs 96,300 → Rs 94,800 While gold is expected to remain rangebound in the near term, its direction will depend on tariff negotiations between the US, China , and other key global players. On the domestic front, investors should monitor rupee movement—as a weaker INR against the USD will support domestic gold prices.
