Gold price prediction amid US-Iran war: What’s the gold rate outlook for March 13, 2026? Resistance seen near Rs 1,60,300 – The Times of India

Gold price prediction today: Gold prices are seeing intraday weakness and a sell on rise strategy makes sense, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold April futures on MCX are trading near ₹1,59,860 after witnessing persistent selling pressure through the session. The price structure reflects a clear downward bias with successive lower highs and lower lows forming on the intraday chart. Momentum indicators remain weak, suggesting that any short-term recovery toward resistance levels could attract fresh selling interest.Technical SetupPrice is trading below the short-term EMA cluster, with the 8 EMA trending beneath the 21 EMA. Both averages are sloping downward, confirming the continuation of the bearish intraday trend. The ₹1,60,300 level aligns with the immediate moving average resistance zone.Gold is trading near the lower Bollinger band after an extended decline, indicating strong downside momentum. A pullback toward the mid-band could provide a selling opportunity before the trend resumes.The chart shows a consistent lower-high pattern, confirming supply dominance. Until prices reclaim ₹1,61,000, the broader intraday sentiment remains negative.RSI Indicator:RSI is hovering near 23, entering oversold territory. While this may trigger a minor bounce, it does not invalidate the prevailing bearish trend.MACD remains in negative territory with expanding red histogram bars, reflecting continued bearish momentum.Gold Intraday Trading View

Bias: Bearish below ₹1,60,300; trend reversal only above ₹1,61,000.Gold’s intraday structure remains weak with strong downward momentum reflected through falling moving averages and a sub-30 RSI reading. Any pullback toward ₹1,60,300 is likely to face selling pressure. Traders may consider selling on rise near ₹1,60,300 with a stop-loss above ₹1,61,000, targeting ₹1,59,000 during the session.(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)