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 (2 articles). Watching for it to gain traction.
"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."
"The gold October 3 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 86 at Rs 1,12,469 per 10 grams."