SELL MCX GOLDTEN SEP FUT in the entry zone of ₹163,140–₹163,250 with a downside target of ₹162,075, while maintaining a strict stop loss at ₹163,550 on a 15-minute closing basis. The contract on the 15-minute timeframe has formed a symmetrical triangle consolidation following an earlier sharp decline and is facing strong rejection at the descending resistance trendline near ₹163,250. The emergence of selling wicks at trendline resistance along with contracting volume signals exhaustion among buyers and points to a high-probability breakdown back toward the key swing support zone at ₹162,075. Pursuant to SEBI (Research Analysts) Regulations, 2014, please note that the research analyst holds a short position in MCX GOLDTEN as on the date of issuing this report, and the personal strategy aligns with the direction of this research call. Commodity derivatives trading involves substantial market risk; clients are advised to exercise strict risk management and position sizing.
5August 25, 2026 1.1K 1
