Gold price prediction today: Gold prices are showing some bearish bias, and a period of short-term consolidation is likely, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. Here is his strategy for gold investors: Gold futures on MCX traded mildly lower near ₹1,26,650 as profit booking emerged after the recent rally. The metal faced resistance near ₹1,27,200, with the technical setup showing early signs of exhaustion. A combination of weakening RSI and narrowing Bollinger Bands suggests that upside momentum is fading, and a short-term correction could be on the cards. Technical Setup: Moving Averages (EMA 8 & EMA 21): The short-term EMA 8 has turned flat and is approaching the 21 EMA, indicating a loss of momentum. A crossover on the downside ma

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