Archive · 30 May 2025
Gold Price Forecast: Sell-on-Rise Strategy Predicted for May 30
Gold prices are expected to fall on May 30, 2025, on the MCX due to a drop in COMEX gold prices.
The market is predicted to open with a gap down.
Experts suggest intraday traders might benefit by selling when the price rises, especially around ₹96350-96400.
Key factors include dollar strength, rising treasury yields, and the potential for improving equity markets.
Investors should watch for resistance levels and implement strict stop losses.
MCX Gold June 2025 contract is expected to open with a gap down.
The previous close was at ₹96500.
Immediate selling pressure is expected due to negative global cues.
Experts suggest a sell-on-rise strategy for intraday traders.
Key resistance zone is ₹96350-96400.
- Who
- Investors and intraday traders
- What
- Gold price prediction and outlook
- When
- May 30, 2025
- Where
- MCX gold market
- Why
- Weakness in COMEX gold, dollar strength, rising treasury yields, and improving equity markets
Bearish View
Bullish View
Price Movement
Bearish View
MCX Gold June 2025 contract is expected to open with a significant gap down.
Bullish View
If gold sustains above ₹96500, the bearish thesis is negated.
- Previous Close
- ₹96500
- Expected Opening Range
- ₹96100-96200
- EMA 8 Resistance
- ₹96350
- Psychological Resistance
- ₹96400
- Target 1
- ₹96000
Sources
Gold & silver price prediction today: What's the gold rate outlook for May 29, 2025 - should you buy or sell?
Gold, Silver Prices Today: Gold rate drops on MCX as US court blocks Trump's tariffs | Check city-wise rates
