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Gold Futures Recover to Rs 1,53,870 on Strong Intraday Momentum

By Markets Desk · 2026-09-19 · 1 min read
A reflective gold bar on a dark textured surface
Illustration: Tradingbird

MCX Gold October futures have reclaimed the Rs 1,53,000 level, signaling a shift in short-term market sentiment.

MCX Gold October futures are trading at Rs 1,53,870. This level marks a decisive recovery from recent lows. The price has broken above the immediate consolidation zone. Momentum indicators confirm the upward shift. Buying interest is returning to the market.

Jateen Trivedi, VP Research Analyst at LKP Securities, reports a positive intraday outlook. The 30-minute chart shows improving buying pressure. Volume has expanded alongside the price rise. Open interest is recovering from its recent decline. These factors support the current bullish structure.

Technical Indicators Confirm Bullish Turn

The 8-period and 21-period exponential moving averages have turned positive. The faster average sits above the slower average. Price holds above the key moving-average zone. The MACD line trades above the signal line. The histogram has turned positive, indicating strengthening upside momentum.

Trend-support levels have moved higher. The market price remains well above these supports. A breakout from the Rs 1,52,500 region strengthened the structure. Volume expansion confirms market participation. This is not a low-volume bounce.

Key Levels Define Intraday Strategy

Traders should look for entry near Rs 1,53,650. A strict stop-loss is placed below Rs 1,52,900. The primary upside target is Rs 1,54,600. Holding above Rs 1,53,650 extends momentum towards Rs 1,54,000. A break above Rs 1,54,600 improves the broader upside structure.

A decline below Rs 1,52,900 weakens the bullish setup. The Rs 1,53,650 region acts as the immediate entry zone. Risk management relies on the Rs 1,52,900 level. The overall bias remains bullish above this threshold. Buying on dips is the recommended approach.

Market Participation Supports Recovery

Open interest is moving higher with price. This indicates fresh participation in the upward move. The combination of rising volume and open interest supports the structure. The recovery is driven by active trading. This validates the technical signals from GN auto markets/commodities: gold prices.

Based on reporting by The Times of India, compiled by the Tradingbird desk.

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