As of June 27, gold futures are under significant selling pressure, with prices hovering around ₹97,087. This trend is largely driven by a bearish technical outlook, prompting analysts to recommend a ‘Sell on Rise’ strategy. The suggested trading range for this approach is between ₹97,300 and ₹97,400, with potential targets set at ₹96,700 and possibly extending to ₹96,200. This strategy is based on current market conditions where gold prices are influenced by various economic factors, including interest rates and global market trends. Investors are advised to closely monitor these factors as they can significantly impact gold’s performance. The bearish sentiment in the market suggests that any upward movement in prices could be an opportunity for selling, rather than holding or buying more. This approach aims to capitalize on short-term price fluctuations while mitigating risks associated with potential declines. Traders should remain vigilant and consider broader economic indicators that might affect gold prices, such as inflation rates and geopolitical developments. By adopting a ‘Sell on Rise’ strategy, investors can potentially optimize their returns in a volatile market environment.