Gold Futures Bearish Sentiment Shift
Futures contracts for gold and silver are reflecting bearish sentiment in the market.
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"The decline suggests traders booked profits after recent gains, even as physical gold prices stayed firm."
"Nevertheless, the outlook remains weak and we expect the contract to see a decline."
"On the MCX, gold futures for the June 2026 contract declined Rs 468, or 0.30%, to Rs 1,54,349 per 10 grams, compared with the previous close of Rs 1,54,817."
"It dropped further to hit the low of Rs 1,48,455, a fall of Rs 4,591 or 2.99 per cent."
"Gold futures for delivery on April 2, 2026, weakened, falling Rs 4,252, or 3%, to Rs 1,43,501 per 10 grams."
"Technical indicators suggest a bearish outlook, with resistance at ₹1,30,750 and potential downside targets around ₹1,29,000."
"Gold’s intraday technical setup points toward short-term consolidation with a bearish bias."
"The gold sell-off continued, with Gold futures dropping below $4,000 an ounce for the first time since October 10th."
"However, it gain a bit touch the high of Rs 1,23,776 and later touched the low of 1,22,148."
"Gold prices are expected to trade within a limited range, leaning towards a bearish outlook, according to LKP Securities."