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Mayank Kumar

3rd Aug 2025 · SEBI-Registered Analyst

Gold Technical Analysis – Bullish Setup Trend Confirmation: Price: ₹99,735 50 EMA: ₹97,187 Bullish, as price is above 50 EMA, indicating short-to-medium-term strength. Momentum (RSI Indicator): RSI: 59.89 (above 50) Positive momentum; not yet overbought, suggesting room for further upside. Support and Resistance (Fibonacci + OI Data): Immediate Resistance: ₹1,00,000 (round-number psychological resistance as per OI) Support Zones: ₹97,350 (0.382 Fib retracement) ₹96,450 (0.618 Fib level) ₹95,000 (OI-based support)

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