MCX Gold Petal Futures has staged a notable bullish reversal after a steep fall, bottoming out near the ₹9,907 support zone. The price formed a reversal base with long lower wicks and indecisive candles, signaling demand absorption. What followed is a classic sequence of higher highs and higher lows, confirming renewed buyer strength. The breakout above ₹9,980 shows bullish momentum, with current consolidation just below ₹9,990. If this level is breached with volume, the bulls could push toward ₹10,020–₹10,040, while ₹9,950 now acts as the critical support for trend validation.
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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.