Gold value prediction amid US-Iran warfare: What’s the gold price outlook for March 13, 2026? Resistance seen close to Rs 1,60,300

Gold is buying and selling close to the decrease Bollinger band after an prolonged decline, indicating sturdy draw back momentum. (AI picture)

Gold value prediction at this time: Gold costs are seeing intraday weak spot and a promote on rise technique is smart, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold April futures on MCX are buying and selling close to ₹1,59,860 after witnessing persistent promoting strain by means of the session. The value construction displays a transparent downward bias with successive decrease highs and decrease lows forming on the intraday chart. Momentum indicators stay weak, suggesting that any short-term restoration towards resistance ranges may entice contemporary promoting curiosity.Technical SetupPrice is buying and selling beneath 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 pattern. The ₹1,60,300 stage aligns with the instant shifting common resistance zone.Gold is buying and selling close to the decrease Bollinger band after an prolonged decline, indicating sturdy draw back momentum. A pullback towards the mid-band may present a promoting alternative earlier than the pattern resumes.The chart reveals a constant lower-high sample, confirming provide dominance. Until costs reclaim ₹1,61,000, the broader intraday sentiment stays unfavorable.RSI Indicator:RSI is hovering close to 23, coming into oversold territory. While this may occasionally set off a minor bounce, it doesn’t invalidate the prevailing bearish pattern.MACD stays in unfavorable territory with increasing purple histogram bars, reflecting continued bearish momentum.Gold Intraday Trading View

Bias: Bearish beneath ₹1,60,300; pattern reversal solely above ₹1,61,000.Gold’s intraday construction stays weak with sturdy downward momentum mirrored by means of falling shifting averages and a sub-30 RSI studying. Any pullback towards ₹1,60,300 is more likely to face promoting strain. Traders could contemplate promoting on rise close to ₹1,60,300 with a stop-loss above ₹1,61,000, concentrating on ₹1,59,000 through the session.(Disclaimer: Recommendations and views on the inventory market, different asset courses or private finance administration ideas given by specialists are their very own. These opinions don’t characterize the views of The Times of India)