Gold Futures

Gold Futures (MCX) – Breakout Towards Upper Channel

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Description:
Gold Futures (MCX) has broken out of the 100–102k consolidation zone and is trending inside a strong ascending channel. Price is approaching the upper channel resistance near 110–112k, while supports lie at 108.6k and 107.4k.

Liquidity in MCX gold contracts remains healthy, supported by strong ETF inflows, central bank buying, and expectations of Fed rate cuts. While the broader structure stays bullish, short-term consolidation or pullbacks may occur near the channel top.

Key Levels:

Resistance: 110k–112k (upper channel)

Support: 108.6k / 107.4k, major zone 100–102k

Bias: Bullish above 100k

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