Based on the technical analysis chart provided for MCX GOLD 04DEC2026 (15-Minute timeframe), here is the detailed breakdown:
Market Direction
- Short-Term Trend: Bearish. The price action is in a steep and sustained short-term downtrend, creating a clear series of lower highs and lower lows. The price is currently trading near 14962.00 after a significant recent sell-off[cite: 1].
Support & Resistance Levels
| Level Type | Price / Zone | Description & Significance |
| Major Resistance (R2) | ~152,000 – 155,000 | Upper extreme of the 15-minute range and a major psychological ceiling from earlier price action. |
| Intermediate Resistance (R1) | ~150,500 – 151,000 | The most recent minor swing high and the immediate barrier to any short-term bullish recovery. |
| Current Price / Pivot | 14,962.00 | The immediate market equilibrium point, currently consolidating after the recent decline. |
| Immediate Support (S1) | ~148,000 – 149,000 | The first notable demand zone below the current price, aligning with recent multi-session lows. |
| Major Support (S2) | ~147,000 – 147,838 | The long-term structural base established during previous major corrective lows. A break below here would signal a significant acceleration of the downtrend. |
Indicator Snapshot
- RSI [14]: Registering near 49.24, indicating a neutral momentum environment right at the 50 centerline. This suggests that while the trend is down, the selling pressure has paused, and the market is in equilibrium.
- MACD [12, 26, 9]: Shows a very mild bullish crossover with the MACD line (blue) above the signal line (grey). However, both lines remain deeply negative and are hovering just above the zero baseline. The histogram bars (green) are tiny, indicating minimal and weakening bullish momentum.
- Volume: Volume has been generally subdued during the most recent sideways consolidation phase, with occasional spikes during impulsive moves. There is no sign of heavy accumulation (buying) at current levels, supporting the bearish bias.
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Disclaimer: This analysis is provided strictly for educational and informational purposes and does not constitute financial advice.[cite: 1]
