Gold Petal Futures
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MCX GOLD Petal - market indecision

25
The recent candles are choppy, with mixed direction and long wicks, reflecting market indecision and low conviction from both buyers and sellers. Price is hovering around the mid-range of the fall, indicating a range-bound structure with no clear breakout or breakdown yet. If the price breaks below ₹9740, it could retest the major support at ₹9651. Conversely, a breakout above ₹9850 with volume may invite a retest toward ₹9940 and ₹10000. Until then, the bias remains neutral-to-bearish, with volatility compressing inside a sideways band.

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