GOLD PRICE CRASH TODAY! WHAT NEXT FOR INVESTORS?
Gold price today June 20 2025 MCX gold slips below ₹99000 with a bearish trend. Experts recommend a Sell on Rise strategy in strong resistance and weak technical signals.
Gold Slides Sharply — Bears Take the Lead
Gold prices opened lower in June 20 2025 showing clear signs of weakness. MCX Gold August Futures are trading near ₹98722 after hitting a low of ₹98705. The sudden drop follows global pressure in COMEX gold and a stronger US dollar index so domestic traders are staying cautious.
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All market conditions are in effect and the next four weeks will be consumed by them.
Selling is advised on Price rise $1935/36 (₹99,000–₹99,150)
Target 1: ₹98,300
Target 2: ₹98,000 (if bears prevail)
Stop Loss: Above ₹99,500 (against the view of short-covering)
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Sell on Rise Strategy Backed by Strong Resistance
Market expert Jateen Trivedi who is VP at LKP Securities suggests a cautious approach. According to him any intraday rally in ₹99000 to ₹99150 is likely to face selling pressure. He recommends a Sell on Rise strategy while prices stay below the ₹99350 resistance zone.
Technical Indicators Signal Downtrend
Gold is trading well below two key moving averages. The 8 period EMA is placed in ₹99150 and the 21 period EMA is near ₹99350. This clearly shows short term momentum is weak. Prices are also hugging the lower Bollinger Band which often means a bearish trend can continue and recovery may not be near.
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Price Gap Confirms Breakdown
In June 17 to 19 gold moved in a tight range but today’s gap down opening confirmed a breakdown. Pivot levels around ₹99200 to ₹99350 now act as a strong resistance wall. Any attempt to rise in this zone is likely to fail unless global sentiment changes suddenly.
Outlook Where Are Gold Prices Headed Now
The near term trend remains negative so traders can look for profit in small rallies and keep a downside target near ₹98300. If the selling continues the price may slip to ₹98000. A stop loss above ₹99500 is advised to avoid risk in case of a price spike.The trend stays bearish. As long as prices stay under pressure in global markets and below key resistance traders should follow a disciplined Sell on Rise approach and manage risk wisely.
Disclaimer
This material provides professional analysis of gold and gold prices in the world financial markets as of June 20, 2025. Readers are encouraged to perform their own due diligence or consult with a certified financial adviser before making any investment decisions. Market conditions are unpredictable past performance doesn’t guarantee future results. Use of this knowledge should be restricted to educational purposes.
