Gold Futures – Support Breakdown on the Radar

Gold Futures (MCX) is currently hovering near a critical support zone around ₹98,600. Price action shows repeated testing of this level, and the latest candles indicate weakening momentum. A decisive breakdown below this support could trigger further downside pressure.

📉 Technical View:

Key support: ₹98,600

Breakdown below this zone may open room towards ₹95,300–₹96,000 levels.

Resistance: ₹100,000–₹100,650 zone (selling pressure expected if price pulls back).

The highlighted range suggests that the market is at an inflection point, and traders should watch closely for confirmation of a support breakdown, which could accelerate bearish momentum in the coming sessions.