MCX Gold Trend - Support and Resistance Levels


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

Last Update: 30-05-2023

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

59575.44

59500.56

59612.87

59659.13

59734

Sell below

59500.56

59575.44

59463.13

59404.52

59342

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

59612

59734

59808

Intraday Gold Support Levels

Daily Support S1

Daily Support S2

Daily Support S3

59416

59342

59220

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

60178

Two Days Before High

59878

Yesterdays High

59660

Pivot

59538

Yesterdays Low

59464

Two Days Before Low

59405

Three Days Before High

59544

Earnometer Gold Update:

Earnometer Gold

Important Gold Level today



​​​​Resistance Range

Price Levels

5MH

Five Month before High

55709

4MH

Four Month before High

57500

3MH

Three Month before High

58847

2MH

Two Month before High

61000

LMH

One Month before High

62397

CMH

Current Month High

62285

4WH

Four Week before High

62285

3WH

Three Week before High

62058

2WH

Two Week before High

61530

1WH

One Week before High

60745

CWH

Current Week High

59660

PDH

Yesterdays High

59660


​​​​Support Range

​​​Price Levels

5ML

Five Month before Low

53040

4ML

Four Month before Low

55471

3ML

Three Month before Low

55518

2ML

Two Month before Low

55172

1ML

One Month before Low

59240

CML

Current Month Low

59405

4WL

Four Week before Low

60115

3WL

Three Week before Low

60970

2WL

Two Week before Low

59950

1WL

One Week before Low

59405

CWL

Current Week Low

59451

PDL

Yesterdays Low

59464

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

60156.27

59644.39

60412.21

60728.45

61240.33

Sell below

59644.39

60156.27

59388.45

58987.79

58560.33

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

60395.66

61240.33

61735.66

Short Term Gold Support Levels

Weekly Support S1

Weekly Support S2

Weekly Support S3

59055.66

58560.33

57715.66

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

61253.98

60048.02

61856.97

62602.03

63808

Sell below

60048.02

61253.98

59445.03

58501.08

57494

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

62062

63808

65219

Long Term Gold Support Levels

Monthly Support S1

Monthly Support S2

Monthly Support S3

58905

57494

55748

Gold Support and Resistance Levels Today


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Resistance 4 (R4)



59992

59597.8

Resistance 3 (R3)

59808

59734

59796

59543.9

Resistance 2 (R2)

59734

59659.13

59728

59525.93

Resistance 1 (R1)

59612

59612.87

59600

59507.96

Pivot Point

59538

59538

59532

59538

Support 1 (S1)

59416

59463.13

59404

59472.04

Support 2 (S2)

59342

59416.87

59336

59454.07

Support 3 (S3)

59220

59342

59208

59436.1

Support 4 (S4)



59012

59382.2

Gold Pivot Point Levels - Weekly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Weekly R4



62905.5

60288

Weekly R3

61735.66

61240.33

61565.5

59919.5

Weekly R2

61240.33

60728.45

61155.25

59796.67

Weekly R1

60395.66

60412.21

60225.5

59673.83

Weekly Pivot Point

59900.33

59900.33

59815.25

59900.33

Weekly S1

59055.66

59388.45

58885.5

59428.17

Weekly S2

58560.33

59072.21

58475.25

59305.33

Weekly S3

57715.66

58560.33

57545.5

59182.5

Weekly S4



56205.5

58814

Gold Pivot Point Levels - Monthly Support & Resistance


Pivot Point

Classic

​​​​Fibonacci

Woo​die

​Camarilla

Monthly R4



68190.5

62052.35

Monthly R3

65219

63808

65033.5

61184.18

Monthly R2

63808

62602.03

63715.25

60894.79

Monthly R1

62062

61856.97

61876.5

60605.39

Monthly Pivot Point

60651

60651

60558.25

60651

Monthly S1

58905

59445.03

58719.5

60026.61

Monthly S2

57494

58699.97

57401.25

59737.21

Monthly S3

55748

57494

55562.5

59447.82

Monthly S4



52405.5

58579.65

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.