MCX Gold Prices Edge Lower on August 18; Cautious Bearish Outlook Ahead

MCX Gold prices closed at Rs 1,54,040 per 10 grams on August 18, marking a decline of -0.34% from the previous day's close.

According to Ankit Jaiswal, Research Analyst at Univest, the gold price prediction for tomorrow is cautiously bearish to sideways, with support at Rs 1,53,600 and resistance at Rs 1,54,250.

Kunal Singla notes that a hold above Rs 1,53,600 keeps the gold price prediction for tomorrow sideways rather than bearish, while a break below targets Rs 1,52,500.