📌 Gold Futures (MCX) – Key Levels & Trend Outlook
Gold Futures (MCX) is currently trading near a critical support zone of ₹88,500-₹88,000. Holding above this level could trigger fresh buying, leading to an upside move towards ₹90,000+. However, immediate resistance is seen in the ₹88,700-₹89,500 range, which needs to be breached for further strength.
🔍 Technical Indicators:
📊 200-Day EMA: ₹88,200 – Acting as dynamic support; sustaining above this level strengthens the bullish outlook.
📈 RSI (Relative Strength Index): Currently around 55 – A breakout above 60 could confirm bullish momentum.
📉 MACD (Moving Average Convergence Divergence): Close to a bullish crossover, signaling potential upside strength.
📊 Volume Analysis: Rising volumes on rallies suggest strong buying interest, while lower volumes on dips indicate weak selling pressure.
📌 Key Levels to Watch:
✅ Support Zone: ₹88,500-₹88,000
📍 Resistance Zone: ₹88,700-₹89,500
🚀 Upside Target: ₹90,000+
🚨 Breakdown Level: Below ₹88,000 could lead to weakness.
A break above ₹89,500 could fuel bullish momentum toward ₹90,500-₹91,000, while a fall below ₹88,000 may invite further downside pressure. Keep an eye on global gold prices, USD movement, and central bank policy cues for confirmation.
Gold Futures (MCX) is currently trading near a critical support zone of ₹88,500-₹88,000. Holding above this level could trigger fresh buying, leading to an upside move towards ₹90,000+. However, immediate resistance is seen in the ₹88,700-₹89,500 range, which needs to be breached for further strength.
🔍 Technical Indicators:
📊 200-Day EMA: ₹88,200 – Acting as dynamic support; sustaining above this level strengthens the bullish outlook.
📈 RSI (Relative Strength Index): Currently around 55 – A breakout above 60 could confirm bullish momentum.
📉 MACD (Moving Average Convergence Divergence): Close to a bullish crossover, signaling potential upside strength.
📊 Volume Analysis: Rising volumes on rallies suggest strong buying interest, while lower volumes on dips indicate weak selling pressure.
📌 Key Levels to Watch:
✅ Support Zone: ₹88,500-₹88,000
📍 Resistance Zone: ₹88,700-₹89,500
🚀 Upside Target: ₹90,000+
🚨 Breakdown Level: Below ₹88,000 could lead to weakness.
A break above ₹89,500 could fuel bullish momentum toward ₹90,500-₹91,000, while a fall below ₹88,000 may invite further downside pressure. Keep an eye on global gold prices, USD movement, and central bank policy cues for confirmation.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.