Gold Futures RUPEE 2/5/2015 TO TILL DATE 15/9/2025 3.22 P.M. (MCX) monthly chart with Fibonacci retracement, RSI, and price action. Let’s break it down with Target, Stop Loss, Support, Resistance, Pivot Levels and give Short, Medium, and Long-term views.
🔎 Technical View (Chart Analysis) Price Zone (Current):
CMP = ₹108,974
Trading near the upper Fibonacci extension zone (114,600 = major resistance).
Fibonacci Levels (Major Zones):
Support 1 (50% retracement) → ₹78,462
Support 2 (61.8% retracement) → ₹86,993
Resistance 1 (Current top) → ₹108,974 – 109,500
Major Resistance 2 → ₹114,600
RSI Indicator (Bottom Pane):
RSI ~ 85+ (Overbought Zone)
Indicates strong bullish momentum, but risk of correction in short term.
📍 Support & Resistance Immediate Support: ₹104,000 – ₹105,000 (short-term buying zone)
Major Support: ₹86,900 (Fib 0.618 level – very strong)
Immediate Resistance: ₹109,500 – ₹110,000
Major Resistance: ₹114,600
🎯 Target & Stop Loss (Trading View) Short Term (1–3 months) Target: ₹110,500 – ₹112,000
Stop Loss: ₹104,000
View: Overbought, possible consolidation or mild correction before breakout.
Medium Term (3–9 months) Target: ₹114,600 (Fibonacci 1.0 level)
Stop Loss: ₹99,500
View: Bullish trend intact, dips are buying opportunities.
Long Term (1–3 years) Target Zone: ₹125,000 – ₹135,000 (if breakout sustains above ₹114,600)
Stop Loss: ₹86,900 (major Fib support)
View: Long-term bullish cycle continues due to global inflation & safe-haven demand.
📊 Pivot Levels (Monthly) Using Fibonacci-based pivots:
Pivot Point (P): ~₹106,500
Resistance R1: ₹110,500
Resistance R2: ₹114,600
Support S1: ₹104,000
Support S2: ₹99,500
✅ Summary:
Short Term: Overbought, caution. Likely sideways between ₹104,000 – ₹112,000.
Medium Term: ₹114,600 is the key breakout level.
Long Term: Bullish trend → potential ₹125,000+ if global factors support.
COMEX Gold (USD/oz) technical levels, current situation & outlook (short, medium, long term), plus suggested targets & stop-loss zones. If you want, I can convert levels to INR too.
⚙️ Current Price & Key Info COMEX Gold futures are trading around US$ 3,680 / oz. Investing.com +2 TradingView +2
Daily range recently between US$ 3,663 and US$ 3,684. Investing.com +2 COMEX Live +2
The 52-week range is roughly US$ 2,540 – US$ 3,715. Investing.com +1
📉 Support & Resistance Levels Here are important support & resistance zones, plus pivots. These are useful for setting entries, stops, targets.
Level Type Price (USD/oz) Notes Resistance Zones ~ $3,720-3,750 Upper resistance: where recent upside may stall. TradingView $3,685-3,695 Near‐term resistance: recent intraday highs. COMEX Live +1 Support Zones $3,650-3,620 First support cluster if price pulls back. TradingView ~$3,600 Deeper support, psychological zone. FX Leaders +1 Pivot Points / Intraday Key Pivot ~ $3,680-$3,681 Important for day / short swing trades. Investing.com +1
🕒 Outlook & Trading Zones Here’s how the view looks across horizons, plus possible trade targets & stop losses.
Time Frame Bullish Case / Target Bearish/ Correction Case Suggested Stop-Loss Area* Short Term (days to ~1 month) If momentum holds: move toward $3,720-3,750 If resistance holds: pullback toward $3,650-$3,620 A stop‐loss below support ~ $3,615-3,600 if entering near current or resistance zone Medium Term (1-3 months) Break above $3,750 → extension toward $3,800-$3,900 (if macro & Fed rates favourable) If downtrend emerges or USD strengthens, could test $3,500-$3,400 zones SL around $3,600 or lower depending on risk tolerance Long Term (6-12 months+) If inflation, weak dollar & dovish Fed persist: potential toward $4,000+ In case of tighter monetary policy, strong USD, or economic recovery reducing safe-haven appeal: possible drop toward $3,200-$3,000 or even lower support levels Long-term SL maybe ~ $3,400-$3,300 to protect against deep drawdowns
*Stop-loss zones assume you are taking long trades; if shorting, invert.
🔮 Sentiment & Risks Gold is close to record highs, so there’s risk of resistance & pullbacks. Reuters +1
Key drivers: US Fed policy / rate cuts expectations, US dollar strength or weakness, inflation data, safe-haven demand.
Overbought readings (RSI etc.) suggest short‐term cooling or consolidation likely before major further upside.
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