Gold Dec. Futures (MCX) – Intraday Analysis 6th Oct., 2025

GOLD1!
Gold is consolidating at 119,369 after a strong bounce, with price action pressing against a pivotal resistance area (zero line) and testing higher-low support in a sideways-to-bullish formation.

Bullish (Long) Setup
Long Entry (118,955):

Fresh longs are actionable above 118,955 with price holding above recent swing support, confirming buyers’ intent for further upside.

Adds can be managed at 118,779 if dips hold with rising volume and higher lows.

Upside Targets:

120,256 (Target 1): First mapped supply zone and likely profit-booking area.

120,826 (Target 2): Higher bullish extension and next major resistance.

Stop Loss:

Keep stops below 118,602 (short entry area) or 118,457 (long exit) to reduce risk in case of reversal.

Bearish (Short) Setup
Short Entry (118,602):

Shorts activate below 118,602, confirming breakdown of support and shifting momentum to sellers.

Downside Targets:

118,410 (Target 1): Bounce/support area for first profit booking.

117,840 (Target 2): Deeper extension and next major demand zone.

Stop Loss:

Exit shorts if price retakes 118,955 to avoid losses on failed breakdown.

Range/Neutral Logic
Zero Line (119,333):

Current action near the zero line marks the market balance; a sustained close above 119,333 supports bullish momentum, while repeated rejection turns bias sideways or soft bearish.

Wait for a breakout from the zero line for high-conviction trades.