MCX Gold is entering a critical short-term zone.
Price has slipped below the short-term moving averages after failing near 160,700 resistance. The rising trendline support is now under pressure, while momentum continues to weaken after the recent sharp rally.
Key levels:
• Resistance: 156,500 → 160,700
• Support: 153,300
• Major support: 149,500
As long as gold trades below 156,500, sellers retain near-term control.
This correction still looks tactical — not structural.
The broader macro trend remains supported by:
• central bank accumulation,
• long-term fiat concerns,
• and persistent global uncertainty.
But in the short term, rising yield pressure is slowing safe-haven momentum.
Gold does not collapse when fear fades temporarily.
It weakens only when markets begin trusting monetary stability again.
Price has slipped below the short-term moving averages after failing near 160,700 resistance. The rising trendline support is now under pressure, while momentum continues to weaken after the recent sharp rally.
Key levels:
• Resistance: 156,500 → 160,700
• Support: 153,300
• Major support: 149,500
As long as gold trades below 156,500, sellers retain near-term control.
This correction still looks tactical — not structural.
The broader macro trend remains supported by:
• central bank accumulation,
• long-term fiat concerns,
• and persistent global uncertainty.
But in the short term, rising yield pressure is slowing safe-haven momentum.
Gold does not collapse when fear fades temporarily.
It weakens only when markets begin trusting monetary stability again.
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.