MCX Gold Petal Trend - Support and Resistance Levels


Overall MCX Gold Petal Trend for today, tomorrow, current & next week and month

Last Update: 01-12-2023

Trend

Signal

Intraday

Up Trend

Short Term

Up Trend

Long Term

Up Trend

Below gold petal trend support, resistance and technical levels charts are updated between 9.15 to 9.30 am daily. You can make use of the below charts and price levels to make your own trading decisions. Weekly & Monthly support resistance levels are very important market turnaround reversal or breakout levels to lookout for. We master in reversal and break out analysis. The daily, weekly, monthly support and resistance levels plotted below can be used for either exit - entry or entry - exit. These forecast are valid from intraday to short term to long term.

MCX Gold Petal Trend Today


MCX gold petal is currently in Up Trend for intraday. The below intraday analysis & price levels are calculated using commodityquant's advance pivot point formula and valid only for today's session on a 5-15 minute chart.

MCX Gold Petal Trend

Intraday Gold Petal Tips & Target for Today, MCX, India

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

6149.73

6140.94

6154.12

6159.55

6168.33

Sell below

6140.94

6149.73

6136.55

6129.67

6122.33

We also expect the commodity gold petal futures to react on the below support and resistance levels for today.

Intraday Gold Petal Resistance Levels

Daily Resistance R1

Daily Resistance R2

Daily Resistance R3

6154.67

6168.33

6177.67

Intraday Gold Petal Support Levels

Daily Support S1

Daily Support S2

Daily Support S3

6131.67

6122.33

6108.67

Earnometer Gold Petal


Below earnometer gold petal power levels & charts are based on a simple but most powerful concept, if the price breaks the yesterday, two days before or three days before high or low, it will most likely continue in the direction of the breakout. Below levels acts as powerful support & resistances as well, either breakout or reversal can happen on these levels. Kindly make use of the below charts to make your own trading decisions.

Earnometer Gold Petal Levels

Price

Three Days Before High

6134

Two Days Before High

6154

Yesterdays High

6159

Pivot

6145.33

Yesterdays Low

6136

Two Days Before Low

6131

Three Days Before High

6082

Earnometer Gold Petal Update:

Earnometer Gold Petal

Important Gold Petal Intraday Levels for today



​​​​Resistance Range

Price Levels

5MH

Five Month before High

5988

4MH

Four Month before High

5968

3MH

Three Month before High

5961

2MH

Two Month before High

6075

LMH

One Month before High

6159

CMH

Current Month High

6183

4WH

Four Week before High

6093

3WH

Three Week before High

6074

2WH

Two Week before High

6061

1WH

One Week before High

6074

CWH

Current Week High

6183

PDH

Yesterdays High

6159


​​​​Support Range

​​​Price Levels

5ML

Five Month before Low

5838

4ML

Four Month before Low

5840

3ML

Three Month before Low

5772

2ML

Two Month before Low

5701

1ML

One Month before Low

5966

CML

Current Month Low

6172

4WL

Four Week before Low

6032

3WL

Three Week before Low

5976

2WL

Two Week before Low

5966

1WL

One Week before Low

6017

CWL

Current Week Low

6071

PDL

Yesterdays Low

6136

Short Term Gold Petal Trend


According to quant's technical analysis mcx gold petal is currently in Up Trend for short term.The below analysis & forecast is valid for tomorrow & current week.

Short Term Gold Petal Buy or Sell Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

6064.22

6042.45

6075.11

6088.56

6110.33

Sell below

6042.45

6064.22

6031.56

6014.52

5996.33

We also anticipate the commodity gold petal futures to respond on the below support and resistance levels for this week.

Short Term Gold Petal Resistance Levels

Weekly Resistance R1

Weekly Resistance R2

Weekly Resistance R3

6089.67

6110.33

6146.67

Short Term Gold Petal Support Levels

Weekly Support S1

Weekly Support S2

Weekly Support S3

6032.67

5996.33

5975.67

Long Term Gold Petal Price Trend


Long Term Trend - gold petal is currently in Up Trend for long term. The above forecast is valid for current month.

Gold Petal Price Long Term MCX Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

6125.53

6051.8

6162.39

6207.94

6281.67

Sell below

6051.8

6125.53

6014.94

5957.23

5895.67

In addition, we expect the commodity gold petal futures to respond on the following resistance and support levels for this particular month.

Long Term Gold Petal Resistance Levels

Monthly Resistance R1

Monthly Resistance R2

Monthly Resistance R3

6211.33

6281.67

6404.33

Long Term Gold Petal Support Levels

Monthly Support S1

Monthly Support S2

Monthly Support S3

6018.33

5895.67

5825.33

Gold Petal Support and Resistance Levels Today


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Resistance 4 (R4)



6217.5

6153.65

Resistance 3 (R3)

6177.67

6168.33

6194.5

6147.33

Resistance 2 (R2)

6168.33

6159.55

6176.75

6145.22

Resistance 1 (R1)

6154.67

6154.12

6171.5

6143.11

Pivot Point

6145.33

6145.33

6153.75

6145.33

Support 1 (S1)

6131.67

6136.55

6148.5

6138.89

Support 2 (S2)

6122.33

6131.12

6130.75

6136.78

Support 3 (S3)

6108.67

6122.33

6125.5

6134.67

Support 4 (S4)



6102.5

6128.35

Gold Petal Pivot Point Levels - Weekly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Weekly R4



6213.5

6100.35

Weekly R3

6146.67

6110.33

6156.5

6084.67

Weekly R2

6110.33

6088.56

6115.25

6079.45

Weekly R1

6089.67

6075.11

6099.5

6074.23

Weekly Pivot Point

6053.33

6053.33

6058.25

6053.33

Weekly S1

6032.67

6031.56

6042.5

6063.77

Weekly S2

5996.33

6018.11

6001.25

6058.55

Weekly S3

5975.67

5996.33

5985.5

6053.33

Weekly S4



5928.5

6037.65

Gold Petal Pivot Point Levels - Monthly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Monthly R4



6642.5

6247.15

Monthly R3

6404.33

6281.67

6449.5

6194.08

Monthly R2

6281.67

6207.94

6304.25

6176.38

Monthly R1

6211.33

6162.39

6256.5

6158.69

Monthly Pivot Point

6088.67

6088.67

6111.25

6088.67

Monthly S1

6018.33

6014.94

6063.5

6123.31

Monthly S2

5895.67

5969.39

5918.25

6105.62

Monthly S3

5825.33

5895.67

5870.5

6087.92

Monthly S4



5677.5

6034.85

Get the powerful support and resistance MCX Trend analysis of the 16 major commodities listed on the multi commodity exchange of India. Technical trend analysis of gold petal is done every day and updated between 9.15 to 9.30 am on daily basis.