Gold price prediction: Should you buy gold on dips? Check September 18, 2026 outlook - The Times of India

AI desk brief

MCX Gold October futures are trading around Rs 1,53,870 after breaking above consolidation, with the short-term technical setup flagged as bullish. The article cites support at Rs 1,53,000–Rs 1,53,200 and a key risk level at Rs 1,52,900; buying is suggested near Rs 1,53,650 with an upside target at Rs 1,54,600.

The bullish call is based on higher highs/higher lows, a positive EMA 8/EMA 21 structure, MACD above signal, and improving volume plus recovering open interest. A sustained hold above Rs 1,53,650 is said to keep momentum intact, while a break below Rs 1,52,900 would weaken the near-term structure.