MCX Gold Trend - Support and Resistance Levels


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

Last Update: 22/09/23

Trend

Signal

Intraday

Down Trend

Short Term

Down Trend

Long Term

Down 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 Down 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

59065.00

58824.34

59185.33

59334.01

59574.67

Sell below

58824.34

59065.00

58704.01

58515.64

58314.67

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

59204.34

59574.67

59834.34

Intraday Gold Support Levels

Daily Support S1

Daily Support S2

Daily Support S3

58574.34

58314.67

57944.34

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

59388.00

Two Days Before High

59443.00

Yesterdays High

59315.00

Pivot

58944.67

Yesterdays Low

58685.00

Two Days Before Low

59109.00

Three Days Before High

59240.00

Earnometer Gold Update:

Earnometer Gold

Important Gold Level today



​​​​Resistance Range

Price Levels

5MH

Five Month before High

61399.00

4MH

Four Month before High

61845.00

3MH

Three Month before High

60350.00

2MH

Two Month before High

59984.00

LMH

One Month before High

59855.00

CMH

Current Month High

59665.00

4WH

Four Week before High

58895.00

3WH

Three Week before High

59665.00

2WH

Two Week before High

59572.00

1WH

One Week before High

59148.00

CWH

Current Week High

59443.00

PDH

Yesterdays High

59315.00


​​​​Support Range

​​​Price Levels

5ML

Five Month before Low

59040.00

4ML

Four Month before Low

59225.00

3ML

Three Month before Low

57651.00

2ML

Two Month before Low

57971.00

1ML

One Month before Low

58275.00

CML

Current Month Low

58354.00

4WL

Four Week before Low

58281.00

3WL

Three Week before Low

58671.00

2WL

Two Week before Low

58864.00

1WL

One Week before Low

58354.00

CWL

Current Week Low

58685.00

PDL

Yesterdays Low

58685.00

Short Term Gold Trend


According to quant's technical analysis mcx gold is currently in Down 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

58979.98

58676.68

59131.64

59319.02

59622.33

Sell below

58676.68

58979.98

58525.02

58287.62

58034.33

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

59302.66

59622.33

60096.66

Short Term Gold Support Levels

Weekly Support S1

Weekly Support S2

Weekly Support S3

58508.66

58034.33

57714.66

Long Term Gold Price Trend


Long Term Trend - Gold is currently in Down 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

59469.45

58865.89

59771.23

60144.11

60747.67

Sell below

58865.89

59469.45

58564.11

58091.69

57587.67

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

60060.34

60747.67

61640.34

Long Term Gold Support Levels

Monthly Support S1

Monthly Support S2

Monthly Support S3

58480.34

57587.67

56900.34

Gold Support and Resistance Levels Today


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Resistance 4 (R4)



60357.00

59180.50

Resistance 3 (R3)

59834.34

59574.67

59727.00

59007.25

Resistance 2 (R2)

59574.67

59334.01

59521.00

58949.50

Resistance 1 (R1)

59204.34

59185.33

59097.00

58891.75

Pivot Point

58944.67

58944.67

58891.00

58944.67

Support 1 (S1)

58574.34

58704.01

58467.00

58776.25

Support 2 (S2)

58314.67

58555.33

58261.00

58718.50

Support 3 (S3)

57944.34

58314.67

57837.00

58660.75

Support 4 (S4)



57207.00

58487.50

Gold Pivot Point Levels - Weekly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Weekly R4



60933.00

59419.70

Weekly R3

60096.66

59622.33

60139.00

59201.35

Weekly R2

59622.33

59319.02

59643.50

59128.57

Weekly R1

59302.66

59131.64

59345.00

59055.79

Weekly Pivot Point

58828.33

58828.33

58849.50

58828.33

Weekly S1

58508.66

58525.02

58551.00

58910.21

Weekly S2

58034.33

58337.64

58055.50

58837.43

Weekly S3

57714.66

58034.33

57757.00

58764.65

Weekly S4



56963.00

58546.30

Gold Pivot Point Levels - Monthly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Monthly R4



63284.50

60242.00

Monthly R3

61640.34

60747.67

61704.50

59807.50

Monthly R2

60747.67

60144.11

60779.75

59662.67

Monthly R1

60060.34

59771.23

60124.50

59517.83

Monthly Pivot Point

59167.67

59167.67

59199.75

59167.67

Monthly S1

58480.34

58564.11

58544.50

59228.17

Monthly S2

57587.67

58191.23

57619.75

59083.33

Monthly S3

56900.34

57587.67

56964.50

58938.50

Monthly S4



55384.50

58504.00

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.