Gold Futures Bearish Breakdown Alert – 1D Chart (MCX)

Gold Futures have breached a crucial support level around the ₹96,000–₹95,800 zone, indicating a potential shift in momentum. The breakdown below this horizontal support, confirmed by a strong red candle, opens the gates for a deeper correction.

🔻 Bearish Observations:

Price has broken down from a consolidation range.

The support zone marked by the blue line has failed to hold, triggering selling pressure.

Bearish engulfing structure suggests sellers are gaining control.

📌 Next Key Level to Watch:
Downside target lies near the ₹93,850 zone — marked by the green support block — which may act as the next demand area.

💡 Outlook:
As long as Gold sustains below the ₹96,000 resistance, the bias remains bearish. Traders may look for shorting opportunities on pullbacks with a tight stop-loss above the breakdown zone.