Gold Price Prediction Today: Why Are Gold Prices Crashing? Key Levels to Watch Out For Gold prices have experienced a sharp decline, marking their worst performance in years, as rising inflation concerns and expectations of prolonged higher interest rates overshadowed safe-haven demand. Escalating tensions in the US-Israel-Iran conflict pushed crude oil prices above $100, fueling fears of sustained energy-driven inflation. Central banks, including the Federal Reserve, have maintained a cautious stance, holding interest rates steady while signaling inflation risks. Other central banks, such as the Reserve Bank of Australia, have opted to hike rates, further pressuring gold’s appeal. A stronger US dollar and rising bond yields have also contributed to the decline in gold prices. Despite brief stability from easing oil prices, markets have shifted away from rate-cut expectations, limiting gold’s upside amid persistent geopolitical uncertainty. Analysts note that gold has turned technically weak after a sharp breakdown from its recent consolidation range. Prices have slipped below the middle Bollinger Band, indicating a loss of bullish momentum, and are now approaching the lower band, suggesting increased downside volatility. The recent price action resembles a distribution top followed by a breakdown, confirming a short-term bearish structure. Immediate resistance is seen near Rs 142,000-145,000, which aligns with the middle Bollinger Band and prior support zones. A stronger resistance level is placed at Rs 150,000, where repeated rejections were observed earlier. On the downside, key support lies around Rs 136,000, and a decisive break below this level could extend the decline toward Rs 130,000-128,000.#us_israel_iran_conflict #federal_reserve #motilal_oswal_financial_services_ltd #reserve_bank_of_australia #manav_modi
