MCX GOLD FUTURES – TECHNICAL & TREND ANALYSIS (1H Chart)
Overall Trend Primary Trend: Bullish
Price is moving in a rising channel (higher high – higher low structure).
Trend support is holding repeatedly → confirms buy-on-dips strategy.
Momentum is positive but near upper channel resistance, so short-term caution required.
Key Support & Resistance (Spot Levels) Immediate Support
133,700 – 133,500 (channel base + demand zone)
132,900 – 133,000 (major swing support)
Resistance
134,500 – 134,800 (channel top / supply zone)
135,500 – 136,000 (breakout zone, only above confirmation)
Intraday View (Scalping / Day Trade) Bias: Buy on dip, Sell only near resistance
Intraday BUY Setup Buy Zone: 133,600 – 133,750
Stop Loss: 133,200
Targets:
T1: 134,100
T2: 134,500
Intraday SELL Setup (Counter-trend – risky) Sell Zone: 134,700 – 134,900
Stop Loss: 135,150
Targets:
T1: 134,200
T2: 133,800
👉 Intraday profit probability higher on BUY side
Short-Term View (1–5 Days) Trend: Bullish consolidation
Buy Above: 134,000 (on pullback)
Stop Loss: 132,800
Targets:
135,500
136,800
👉 Holding BUY positions is favorable
Medium-Term View (2–4 Weeks) Trend: Strong bullish structure
Accumulation Zone: 132,500 – 133,500
Stop Loss (Closing): 131,800
Targets:
138,000
140,500
👉 Medium-term investors should stay BUY-biased
Long-Term View (2–6 Months) Trend: Bullish continuation
Higher timeframe structure intact
Rising demand from global uncertainty & central bank buying
Long-Term Targets
145,000+
150,000+ (if global risk escalates)
👉 Long-term wealth creation favors BUY side
Final Trading Conclusion Intraday: BUY on dips
Short Term: BUY & HOLD
Medium Term: ACCUMULATE
Long Term: STRONG BUY
Selling only recommended for short-term scalping near resistance with strict stop loss.
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