Gold Price Prediction Today: Expert Warns to ‘Sell on Rise’ Amid Strong Resistance

Gold has long been seen as a safe haven—but today, it might be more of a trap for the unwary. On Friday, January 9, 2026, gold prices on the Multi Commodity Exchange (MCX) are showing clear signs of exhaustion after a recent rally. According to Jateen Trivedi, VP – Research Analyst (Commodity & Currency) at LKP Securities, the yellow metal is now facing significant upside resistance, and his advice is clear: **‘Sell on rise.’**

If you’re holding gold or thinking of buying more, this is a critical moment. The gold price prediction today isn’t just about numbers—it’s about strategy, timing, and avoiding emotional decisions in a market that’s sending mixed signals. Let’s break down what’s really happening and how you can protect—or even grow—your investment.

Table of Contents

• Today’s Gold Market Snapshot: Key Levels to Watch
• Why Experts Are Saying ‘Sell on Rise’
• Gold Price Prediction Today: Technical and Fundamental Outlook
• MCX Gold Trading Strategy for January 9, 2026
• What Does This Mean for Long-Term Investors?
• Common Mistakes to Avoid in Gold Trading
• Conclusion: Stay Alert, Not Alarmist
• Sources

Today’s Gold Market Snapshot: Key Levels to Watch

As of early trading on January 9, 2026, MCX Gold (February 2026 contract) is hovering around ₹74,850 per 10 grams . But don’t let the high number fool you. Trivedi points out that this level coincides with a major technical resistance zone that has capped rallies in recent weeks.

Key levels to monitor:

• Resistance: ₹75,200–₹75,500 (strong supply zone)
• Support: ₹74,200 (immediate), then ₹73,500 (critical)
• Pivot Point: ₹74,600 (intraday bias hinges here)

A failure to break above ₹75,500 could trigger a sharp pullback, making aggressive buying at current levels a risky proposition.

Why Experts Are Saying ‘Sell on Rise’

The phrase “sell on rise” doesn’t mean gold is crashing—it means the upward momentum is fading. Trivedi explains that while global factors like geopolitical tensions and soft U.S. economic data have supported gold recently, the market is now overbought in the short term .

Moreover, the Dollar Index (DXY) has stabilized after its recent dip, reducing one of gold’s key tailwinds. When the dollar strengthens, gold—priced in dollars—often loses appeal for international buyers. This dynamic is starting to reassert itself.

Gold Price Prediction Today: Technical and Fundamental Outlook

From a technical standpoint, the Relative Strength Index (RSI) on the daily chart is nearing 70—a classic sign of overbought conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of bearish divergence, where price makes higher highs but the indicator makes lower highs .

Fundamentally, while inflation concerns and central bank buying (especially by China and India) remain supportive long-term, these factors are already priced in. For a fresh rally, gold needs a new catalyst—like a surprise Fed rate cut or an escalation in Middle East conflicts. Neither is imminent.

According to the Investing.com Gold Dashboard, speculative long positions in COMEX gold futures have reached a 3-month high, increasing the risk of a short-term correction as traders take profits .

MCX Gold Trading Strategy for January 9, 2026

Based on Trivedi’s analysis, here’s a practical intraday and short-term strategy:

1. Intraday Traders: Initiate short positions on rallies toward ₹75,200–₹75,400 with a stop-loss at ₹75,700. Target ₹74,300–₹74,000.
2. Swing Traders: Hold existing longs only if prices close decisively above ₹75,500. Otherwise, consider partial profit booking.
3. New Buyers: Wait for a confirmed dip below ₹74,000 before considering fresh long entries. Look for bullish reversal patterns like a hammer candle or RSI oversold bounce.

Remember: Never trade without a stop-loss. Volatility can spike unexpectedly, especially around U.S. economic data releases later today.

What Does This Mean for Long-Term Investors?

If you’re investing in physical gold or sovereign gold bonds for wealth preservation over 5–10 years, today’s noise shouldn’t panic you. The long-term thesis for gold—driven by de-dollarization, fiscal deficits, and systemic risk—remains intact [INTERNAL_LINK:long-term-gold-investment-guide].

However, even long-term holders should avoid adding to positions at resistance zones. Use dips as buying opportunities instead.

Common Mistakes to Avoid in Gold Trading

• Chasing the Rally: Buying just because the price is going up often leads to buying at the top.
• Ignoring Global Cues: MCX gold moves with international markets. Always check COMEX and DXY trends.
• Over-Leveraging: Using high margin on a volatile asset like gold can wipe out your capital fast.
• Emotional Trading: Don’t let FOMO (fear of missing out) or panic dictate your moves.

Conclusion: Stay Alert, Not Alarmist

The gold price prediction today is clear: respect the resistance. While gold’s long-term story is still compelling, short-term traders must act with caution. As Jateen Trivedi wisely advises, “Sell on rise” isn’t pessimism—it’s disciplined risk management. Whether you’re a speculator or a saver, understanding the difference between a pause and a reversal is the key to success in the gold market.

Sources

• Times of India. “Gold price prediction today: What is the gold rate outlook for January 09, 2026?” Times of India, 9 Jan. 2026.
• Economic Times Markets. “MCX Gold Hovers Near Record Highs; Analysts Advise Caution.” Economic Times, 9 Jan. 2026.
• LKP Securities Research Note. “Commodity Outlook: Gold Faces Resistance at ₹75,200.” Jateen Trivedi, 9 Jan. 2026.
• Moneycontrol Commodities. “Gold Rate Today: Should You Buy or Sell?” 9 Jan. 2026.
• Investopedia. “How to Read MACD and RSI for Commodity Trading.” https://www.investopedia.com.
• Investing.com. “Gold Futures Live Chart & Data.” https://www.investing.com/commodities/gold.