MCX Gold slipping below ₹ 1,21,900 is a clear no-buy zone, says market expert Neal Bhai. Get simple analysis, trend outlook, support–resistance levels.
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MCX GOLD Below ₹ 1,21,900 — No Buying at All | By Neal Bhai
MCX Gold has once again slipped below the important level of ₹ 1,21,900, If close below. This is a clear warning sign for bullion traders. According to Neal Bhai, as long as gold stays below this level, no buying should be considered. The market trend is weak, momentum is negative, and buyers are not showing any strength.
In the last few sessions, gold has failed to hold above major resistance zones, which clearly tells us that the market is still under selling pressure. For safe trading, traders should wait for a clean breakout above ₹ 1,21,900 with strong volume. Only then we can see fresh upside movement.
Below ₹121900, MCX Gold may test support levels like ₹ 1,21,200 and ₹ 1,20,750. If these levels break, more downside is possible. Commodity traders must follow strict stop-loss and avoid emotional buying.
For now, the strategy is simple: “Below ₹1 21 900 – No Buying at All”. Stay alert, trade safely, and wait for the right price action before taking any long positions.
FAQs
1. Why is ₹ 1,21,900 an important level for MCX Gold?
It is a major resistance and trend-changing level. Below this, gold stays weak.
2. Should traders buy gold now?
No. Buying is risky until gold closes above ₹ 1,21,900.
3. What are the support levels?
MCX Gold Support ₹ 1,21,200 and ₹ 1,20,750.
4. When can buying be considered?
Only after a strong breakout (Confirmation) above ₹ 1,21,900.
5. Is gold in a downtrend?
Yes, as long as it trades below the key resistance zone.
⚠️ Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.