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)
MUTHOOTFIN SENCO
#FundamentalViews#TechnicalViews

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