MCX Gold prices show a strong bullish trend on MCX after the US government shutdown settlement. Key levels at ₹1,25,000 (upside) and ₹1,21,500 (downside). Check latest gold trend, pivot levels, and trading outlook for today.
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Spot Gold (XAU/USD) retreated from a three-week high of $4,150 due to profit booking after a strong rally, settling near the $4,100 level as investors reacted to the resolution of the U.S. government shutdown. Earlier in the session, gold traded higher amid rising expectations of a Fed rate cut, as the resumption of economic data releases could influence the tone of the Fed Chair’s upcoming remarks.
Spot Silver (XAG/USD) extended its winning streak for the fifth straight session, supported by expectations of a near-term Federal Reserve rate cut amid signs of U.S. economic weakness. Recent data showed job losses in October 2025, particularly in government and retail sectors, while consumer sentiment dropped to a 3.5-year low in early November. Traders are now pricing in a 64% probability of a 25-bps Fed cut in December 2025, while Fed Governor Stephen Miran has advocated a more aggressive 50-bps reduction amid easing inflation and rising unemployment
- 1 MCX Gold Price Today: Bullish Trend Continues as US Shutdown Ends
- 1.1 📊 Gold Trend Overview
- 1.1.1 🔹 Current Sentiment: Bullish
- 1.1.2 🔹 Critical Levels:
- 1.1.3 🔹 Technical Pattern: None (no new pattern yet)
- 1.1.4 🔹 Momentum (Stochastics): Bullish on both MCX and Comex
- 1.1.5 🔹 Moving Average: 20 DMA (0.4%)
- 1.1.6 🔹 OTM Options (Comex): Call premium is more expensive than Put premium, showing strong buying interest
- 1.1.7 🔹 Pivot Level: ₹1,24,390
- 1.1.8 🔹 Supports: ₹1,22,940 | ₹1,21,968 | ₹1,20,518
- 1.1.9 🔹 Resistances: ₹1,25,362 | ₹1,26,812 | ₹1,27,784
- 1.2 📈 Overall Trend Score: 3 (Bullish)
- 1.3 💬 Summary:
- 1.1 📊 Gold Trend Overview
- 2 ❓ Top 5 FAQs on MCX Gold Trend
MCX Gold Price Today: Bullish Trend Continues as US Shutdown Ends
📊 Gold Trend Overview
Gold prices are showing a bullish movement after the US government shutdown issue got resolved. This news has brought back confidence among traders and investors.
🔹 Current Sentiment: Bullish
🔹 Critical Levels:
- Upside: ₹1,25,000
- Downside: ₹1,21,500
🔹 Technical Pattern: None (no new pattern yet)
🔹 Momentum (Stochastics): Bullish on both MCX and Comex
🔹 Moving Average: 20 DMA (0.4%)
🔹 Pivot Level: ₹1,24,390
🔹 Supports: ₹1,22,940 | ₹1,21,968 | ₹1,20,518
🔹 Resistances: ₹1,25,362 | ₹1,26,812 | ₹1,27,784
📈 Overall Trend Score: 3 (Bullish)
Gold prices are expected to stay positive as long as they remain above ₹1,21,500. A breakout above ₹1,25,000 could open the way for more upside movement.
💬 Summary:
Gold is shining again with strong bullish sentiment on MCX. With positive momentum and strong support levels, the yellow metal could continue to rise if market conditions stay favorable.
❓ Top 5 FAQs on MCX Gold Trend
1. Why is gold showing a bullish trend today?
Gold prices are rising because the US government shutdown issue was settled, improving global market sentiment.
2. What are the key levels to watch for MCX gold?
Watch ₹1,25,000 on the upside and ₹1,21,500 on the downside as the main breakout and support levels.
3. What is the pivot level for gold today?
Today’s pivot level stands at ₹1,24,390.
It means traders are more confident in the price going up — showing bullish market sentiment.
5. Should traders buy gold now?
As long as gold stays above ₹1,21,500, the trend remains bullish. But always use stop-loss and follow market updates.
⚠️ 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.