Gold price prediction: Will prices recover today & what should investors do?

Gold June futures on MCX are trading near ₹1,51,350 after a sharp intraday decline. Selling pressure is easing near immediate support levels, with buyers gradually stepping in. The price is attempting to stabilize around the short-term EMA cluster after a sharp fall. A potential recovery bounce from the current zone is indicated, with RSI recovering from oversold territory and MACD weakening its bearish momentum.