MCX Gold and Crude Oil Prices Consolidate Amid Market Uncertainty

MCX Gold stays near ₹1.30 lakh, with bullish momentum above ₹1,29,000, while Crude Oil remains rangebound between ₹5,200 and ₹5,400 amid market uncertainty.

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10 days ago

MCX Gold and Crude Oil Prices Consolidate Amid Market Uncertainty

MCX Gold and Crude Oil Prices Consolidate Amid Market Uncertainty
MCX Gold futures continue to hover near ₹1.30 lakh per 10 grams, as bulls defend key breakout levels above ₹1,29,000. The short-term trend for gold remains positive, supported by the 21mday exponential moving average (EMA). If prices hold above this level, further consolidation around ₹1.30 lakh is expected. On the other hand, MCX Crude Oil futures remain rangebound within ₹5,200–₹5,400, reflecting uncertainty in the energy markets. 
Companies:
  • MCX
  • Gold
  • Crude Oil
Tags:
  • MCX Gold
  • Crude Oil