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<\/div>\n<\/div>\n<\/div>\nGold price prediction<\/span> today: <\/span>Gold prices are expected to continue being volatile in the coming days on uncertainty related to the US-Iran war and inflation data this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.<\/span>The question around the opening of the Strait of Hormuz is keeping the volatility higher and increasing panic in the market. Towards the end of the previous week, we received an update from both US and Iran leaders that the Strait of Hormuz is now open. However, Iran wants the US to remove their blockade and the US wants a deal to be signed before removing the blockade. So, with the escalation, inflation concerns are back to where they were. Hence any update regarding the same could keep volatility high in this week.Gold is trading in a broad range. Price recently tried to break out of a sideways band (~152,800\u2013154,500) and tested the upper Bollinger Band, indicating momentum expansion. However, the current candles near the upper band suggest mild exhaustion, with price slightly pulling back toward the mid-band (~20 SMA around 152000-154000).From a Bollinger Band perspective, volatility has expanded after a squeeze phase earlier, confirming a breakout move. Sustaining above the mid-band keeps the bias bullish; a close below it may trigger mean reversion toward 153,200.The Fibonacci retracement (recent swing low to high) shows key levels)* 0.382\u20130.5 zone: ~154,200\u2013153,900 (short-term support cluster)* 0.618: ~153,700 (critical support for trend continuation)Resistance levels this week:155,500\u2013155,800 (recent high zone), followed by a breakout extension toward 156,200.Support levels:150,000 and 148000Pattern-wise, this resembles a bullish flag \/ continuation after breakout, but failure to hold 155,000 could shift structure back into range.Focus this week will be on Preliminary PMI data from major economics and updates on the US-Iran war. There are some updates regarding China and Taiwan borders and agreement. Any further move could further increase volatility in the market.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)<\/span><\/div>\n