MCX Gold Trend - Support and Resistance Levels


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

Last Update: 19/04/24

Trend

Signal

Intraday

Up Trend

Short Term

Up Trend

Long Term

Up Trend

Below gold 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 significant market turnaround reversal or breakout levels to look out 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 forecasts are valid from intraday to short term to long term.

MCX Gold Trend Today


MCX gold  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.

Gold Market Trend Chart

MCX Gold Trend

Intraday Gold Tips & Target for Today, MCX, India

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

72743.32

72542.01

72843.98

72968.35

73169.66

Sell below

72542.01

72743.32

72441.35

72283.77

72115.66

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

Intraday Gold Resistance Levels

Daily Resistance R1

Daily Resistance R2

Daily Resistance R3

72932.33

73169.66

73459.33

Intraday Gold Support Levels

Daily Support S1

Daily Support S2

Daily Support S3

72405.33

72115.66

71878.33

Earnometer Gold


Below earnometer gold 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 Levels

Price

Three Days Before High

73315.00

Two Days Before High

73299.00

Yesterdays High

72880.00

Pivot

72642.66

Yesterdays Low

72353.00

Two Days Before Low

72380.00

Three Days Before High

72290.00

Earnometer Gold Update:

Earnometer Gold

Important Gold Level today



​​​​Resistance Range

Price Levels

5MH

Five Month before High

62675.00

4MH

Four Month before High

64460.00

3MH

Three Month before High

63653.00

2MH

Two Month before High

65040.00

LMH

One Month before High

67850.00

CMH

Current Month High

73958.00

4WH

Four Week before High

66943.00

3WH

Three Week before High

67850.00

2WH

Two Week before High

70899.00

1WH

One Week before High

73958.00

CWH

Current Week High

73315.00

PDH

Yesterdays High

72880.00


​​​​Support Range

​​​Price Levels

5ML

Five Month before Low

59490.00

4ML

Four Month before Low

61001.00

3ML

Three Month before Low

61454.00

2ML

Two Month before Low

61190.00

1ML

One Month before Low

62403.00

CML

Current Month Low

68021.00

4WL

Four Week before Low

65180.00

3WL

Three Week before Low

65858.00

2WL

Two Week before Low

68021.00

1WL

One Week before Low

70443.00

CWL

Current Week Low

71200.00

PDL

Yesterdays Low

72353.00

Short Term Gold Trend


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

Short Term Gold Trend

Short Term Gold Buy or Sell Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

72772.36

71429.64

73443.73

74273.27

75616.00

Sell below

71429.64

72772.36

70758.27

69707.28

68586.00

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

Short Term Gold Resistance Levels

Weekly Resistance R1

Weekly Resistance R2

Weekly Resistance R3

73759.00

75616.00

77274.00

Short Term Gold Support Levels

Weekly Support S1

Weekly Support S2

Weekly Support S3

70244.00

68586.00

66729.00

Long Term Gold Price Trend


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

MCX Gold Long Term Price Trend

Gold Price Long Term MCX Tips

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

67058.05

64977.29

68098.42

69383.91

71464.66

Sell below

64977.29

67058.05

63936.91

62308.26

60570.66

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

Long Term Gold Resistance Levels

Monthly Resistance R1

Monthly Resistance R2

Monthly Resistance R3

69632.33

71464.66

75079.33

Long Term Gold Support Levels

Monthly Support S1

Monthly Support S2

Monthly Support S3

64185.33

60570.66

58738.33

Gold Support and Resistance Levels Today


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Resistance 4 (R4)



74024.00

72984.85

Resistance 3 (R3)

73459.33

73169.66

73497.00

72839.92

Resistance 2 (R2)

73169.66

72968.35

73188.50

72791.62

Resistance 1 (R1)

72932.33

72843.98

72970.00

72743.30

Pivot Point

72642.66

72642.66

72661.50

72642.66

Support 1 (S1)

72405.33

72441.35

72443.00

72646.70

Support 2 (S2)

72115.66

72316.98

72134.50

72598.38

Support 3 (S3)

71878.33

72115.66

71916.00

72550.08

Support 4 (S4)



71389.00

72405.15

Gold Pivot Point Levels - Weekly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Weekly R4



80753.50

73835.25

Weekly R3

77274.00

75616.00

77238.50

72868.63

Weekly R2

75616.00

74273.27

75598.25

72546.41

Weekly R1

73759.00

73443.73

73723.50

72224.21

Weekly Pivot Point

72101.00

72101.00

72083.25

72101.00

Weekly S1

70244.00

70758.27

70208.50

71579.79

Weekly S2

68586.00

69928.73

68568.25

71257.59

Weekly S3

66729.00

68586.00

66693.50

70935.38

Weekly S4



63178.50

69968.75

Gold Pivot Point Levels - Monthly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Monthly R4



81867.00

70795.85

Monthly R3

75079.33

71464.66

76420.00

69297.92

Monthly R2

71464.66

69383.91

72135.00

68798.62

Monthly R1

69632.33

68098.42

70973.00

68299.30

Monthly Pivot Point

66017.66

66017.66

66688.00

66017.66

Monthly S1

64185.33

63936.91

65526.00

67300.70

Monthly S2

60570.66

62651.42

61241.00

66801.38

Monthly S3

58738.33

60570.66

60079.00

66302.08

Monthly S4



54632.00

64804.15

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