📊 GOLD OCT MCX – Technical View
Gold Oct MCX is trading around ₹1,53,680, down ₹2,100 (-1.37%). The chart indicates strong selling pressure after rejection from the recent higher levels. RSI has slipped near 49.6, showing weakening momentum, while MACD remains in negative territory, suggesting caution on the upside. The price is also struggling to sustain above the short-term moving averages.
🔻 Support: ₹1,51,500 → ₹1,50,000
🚧 Resistance: ₹1,55,000 → ₹1,56,500
📉 Below ₹1,51,500, further weakness may be seen toward ₹1,50,000.
📈 A sustained move above ₹1,55,000 could improve the short-term outlook.
Overall: Short-term bias remains cautious to bearish until resistance levels are reclaimed.
6September 4, 2026 729 4
