Gold MCX – Breaking Down from a Wedge
Gold is breaking down from a rising wedge pattern, signaling potential weakness ahead.
🔸 Minor support zones are marked near ₹87,200 and ₹84,100.
🔸 But if the broader downtrend continues, it may test ₹80,000 in the coming months.
This isn’t an immediate move — might not happen today or tomorrow, but definitely worth keeping on your radar.
Stay alert.
Gold is breaking down from a rising wedge pattern, signaling potential weakness ahead.
🔸 Minor support zones are marked near ₹87,200 and ₹84,100.
🔸 But if the broader downtrend continues, it may test ₹80,000 in the coming months.
This isn’t an immediate move — might not happen today or tomorrow, but definitely worth keeping on your radar.
Stay alert.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.