Gold Futures (MCX) is currently hovering near a critical support zone around ₹98,600. Price action shows repeated testing of this level, and the latest candles indicate weakening momentum. A decisive breakdown below this support could trigger further downside pressure.
📉 Technical View:
Key support: ₹98,600
Breakdown below this zone may open room towards ₹95,300–₹96,000 levels.
Resistance: ₹100,000–₹100,650 zone (selling pressure expected if price pulls back).
The highlighted range suggests that the market is at an inflection point, and traders should watch closely for confirmation of a support breakdown, which could accelerate bearish momentum in the coming sessions.
📉 Technical View:
Key support: ₹98,600
Breakdown below this zone may open room towards ₹95,300–₹96,000 levels.
Resistance: ₹100,000–₹100,650 zone (selling pressure expected if price pulls back).
The highlighted range suggests that the market is at an inflection point, and traders should watch closely for confirmation of a support breakdown, which could accelerate bearish momentum in the coming sessions.
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Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Get BTST Toolkit:
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Contact below to get access ⬇️
✅Whatsapp: wa.me/919084286797
✅ Telegram: t.me/breakoutinvesting
⭐ Custom Indicator
⭐ BTST Calls
⭐ FNO Trades
⭐ Algo Trading
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.