Technical View – Gold Futures (MCX)

Trend: Sharp rally extended, but now showing pause with doji candles at the top.

Volume: Trendline breakout earlier came with strong participation; latest candles show reduced conviction.

Momentum: RSI near 74 → overbought, but stabilizing. MACD still positive, histogram flattening → signs of momentum cooling.

Support Levels: ₹107,250 (short-term EMA), ₹105,200 (swing support).

Bias: Rally intact, but risk of sideways/consolidation phase unless fresh volume confirms continuation.