Commodity Mantra by SMC

📊 GOLD OCT MCX – Technical Analysis 🔹 Gold Oct MCX is trading around ₹154,300, down by nearly ₹2,000 (-1.27%). The chart indicates strong selling pressure and a weak short-term trend. 🔹 RSI is near 34, showing weak momentum, while the MACD remains in negative territory, supporting the bearish outlook. 🔹 Support levels: ₹153,700 is the immediate support. A sustained break below this level may extend the decline towards ₹152,000. 🔹 Resistance levels: ₹155,000 is the immediate resistance, followed by ₹156,500. Unless Gold moves sustainably above ₹155,000, the short-term trend may remain bearish to weak.

Please Carry Forward the Buy Dhaniya October call for tomorrow.

https://youtube.com/shorts/WYEcmYWGMig?si=Ptu3Fy4nXCDa-OTc

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