Gold price prediction: What’s the outlook for gold prices on June 19, 2026 & what should investors do? Buy on dips recommended

After a steep decline, gold has started forming higher lows on the 15-minute timeframe. (AI image)

Gold price prediction today: Gold prices are showing some signs of recovery, and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dips strategy:Gold August futures on MCX are witnessing signs of stabilization after a sharp corrective decline. Prices have formed a short-term base around the ₹1,46,400–₹1,46,600 zone and are now attempting a recovery supported by improving momentum indicators. The recent rebound from intraday lows suggests that bargain buying and short covering are emerging at lower levels, making a buy-on-dips strategy favorable for the session.Technical SetupPrice Action & Trend:After a steep decline, gold has started forming higher lows on the 15-minute timeframe. The recovery above the immediate support zone indicates that bearish momentum is easing and buyers are gradually regaining control. Sustaining above ₹1,46,900 is likely to keep the recovery intact.Moving Averages:Prices are attempting to move above the short-term EMA cluster. A sustained trade above the ₹1,47,000 mark could trigger further upside momentum towards nearby resistance levels.Volume Profile Analysis:The highest traded volume is concentrated around ₹1,46,700–₹1,47,000, highlighting a strong demand area. This zone is expected to act as immediate support during intraday pullbacks.MACD Indicator:MACD has witnessed a bullish crossover from deeply negative territory. Rising histogram bars indicate strengthening upward momentum and suggest that the recovery move may continue.RSI Indicator:RSI has recovered towards the 43–45 zone from oversold levels, reflecting improving momentum. A move above the 50 mark could further strengthen the bullish outlook.Support & Resistance

Intraday Trading View

Gold is showing early signs of recovery after a sharp decline, supported by improving MACD momentum, recovering RSI readings, and strong volume-based support near ₹1,47,000. As long as prices hold above ₹1,46,400, the short-term structure favors a rebound towards higher resistance levels. Traders may consider accumulating longs near ₹1,46,900–₹1,47,100 with a strict stop-loss below ₹1,46,400 for an upside objective of ₹1,47,750.(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.)