Gold futures show mild bearish dominance below 135,850; upside strength revives only above 136,200 resistance zone - 01.01.2026
Gold futures show mild bearish dominance below 135,850; upside strength revives only above 136,200 resistance zone - 01.01.2026
Chart Name: GOLD FEB FUT (MCX)
Current Market Price: 135,280
Current Trend: Short-term trend remains sideways to mildly bearish after rejection from higher moving averages.
Trend Dominance: Bears hold marginal control as price trades below all major moving averages.
Chart Outlook & Prediction
* Gold February futures are consolidating after a sharp correction from recent highs. Price holding below 135,850 keeps pressure intact toward 134,800–134,400. Any sustained recovery above 136,200 could shift momentum back toward 136,900–137,300. Until then, rallies are likely to face selling pressure.
Upcoming Events (Catalysts)
* US Fed rate expectations
* Dollar Index movement
* Global geopolitical headlines
Major Support and Resistance
* Support: 134,800 / 134,400 / 133,900
* Resistance: 135,850 / 136,200 / 137,300
Trend, Volume, Dow Theory Analysis
* Trend structure shows lower highs after peak formation. Volume participation is subdued, indicating lack of aggressive accumulation. From a Dow Theory perspective, failure to sustain higher highs suggests corrective to consolidation phase rather than trend reversal.
Breakout Strategy (Bullish)
* Entry: Above 136,250 / Stoploss: 135,650
* Target 1: 136,900 / Target 2: 137,300 / Target 3: 138,200
Breakdown Strategy (Bearish)
* Entry: Below 134,750 / Stoploss: 135,350
* Target 1: 134,200 / Target 2: 133,700 / Target 3: 132,900
Final Takeaway
* Gold futures are currently in a corrective consolidation phase after recent volatility. Bears retain short-term control below 135,850, while bulls need a decisive breakout above 136,200 to regain strength. Traders should focus on breakout or breakdown levels rather than anticipatory positions.
Caution Note
* All positivity negates on breaking below: 134,750
* All negativity negates on sustaining above: 136,250
Disclaimer : This analysis is for educational purposes only and not financial advice. Please consult your financial advisor before making trading decisions.
