Gold mcx buy on dip will continue until 129200 not break AI data

Parameter Data Data
Asset Name Gold (GC) MCX Dec 2025 Futures
Current Trade 🟨 WAIT & WATCH (Breakout/Breakdown Strategy)
Price Movement 🟨 Consolidation/Slightly Bullish (+0.21% up at 11:37 AM IST)
SMC Structure 🟩 Bullish Order Flow / Currently in Distribution/Consolidation at resistance.
Trap/Liquidity Zones Bullish Liquidity: Above ₹1,31,000. Bearish Trap: Below ₹1,29,500.
Supports 🟩 S1: ₹1,29,800 (Psychological/Technical) 🟩 S2: ₹1,29,450 (Key Support/21-day EMA area) 🟩 S3: ₹1,28,750 (Major Structural Support)
Resistances 🟥 R1: ₹1,30,950 (Immediate Resistance/Supply) 🟥 R2: ₹1,31,450 (Strong Supply Zone) 🟥 R3: ₹1,31,700 (High-side Target/Major Resistance)
Risk Reward 1 : 1.5 [ Breakout above ₹1,31,000 & Breakdown below ₹1,29,500]
Probability 🟨 55% Continuation Upside (Macro trend is stronger, but short-term correction risk)
Confidence 🟨 18/30 (Fed uncertainty ke kaaran short-term conviction moderate hai)
Max Pain 🟨 N/A (Minimal relevance for commodity futures)
DEMA Levels 🟩 Price above 21/50 DEMA (Short & Mid-term bullish)
ADX/RSI/DMI 🟨 RSI (14) \approx 50-60 range (Neutral/Positive). ADX \approx 23 (Trend strength moderate)
Market Depth 🟨 Balanced (Buying pressure lower levels par active hai)
Volatility (IV/RV) 🟨 Rising Volatility (High volatility expected due to FOMC meeting)
Source Ledger MCX, COMEX, US Fed Rate Cut Expectations, DXY Movement
OI (Open Interest) 🟨 Flat/Minor Decrease (Traders are cautious at highs)
PCR (Put-Call Ratio) 🟨 Neutral-to-Bullish (Options data suggests support)
VWAP 🟩 Price trading above daily VWAP (Intraday bias positive)
Turnover 🟨 Moderate/Tepid (Highs par volume kam hai)
Harmonic Pattern 🟨 N/A (Strong uptrend, no immediate reversal pattern)
IV/RV 🟨 IV Skew: Neutral-to-Positive (Upside protection demand normal)
Options Skew 🟨 Neutral (No extreme bias)
Vanna/Charm 🟨 N/A (Advanced Options Greek Data)
Block Trades 🟩 Institutional Buys Detected (Lower levels par strong buying interest)
COT Positioning 🟩 Net Long (Speculators maintain bullish positioning)
Cross-Asset Correlation 🟥 Inverse with USD Index (DXY) is active
ETF Rotation 🟩 Inflows Continuing (Global ETFs mein gold buying jaari hai)
Sentiment Index 🟩 Greed/Optimistic (Bullish sentiment market mein haavi hai)
OFI (Order Flow Index) 🟩 Slightly Positive (Buy-side flow active hai)
Delta 🟩 Call Delta Active (Upside move ki tayyari)
VWAP Bands 🟨 Price Upper Band ke aas-paas hai (Minor consolidation expected)
Rotation Metrics 🟩 Commodity Complex Strong (Risk-on rotation commodities mein hai)
Market Phase 🟨 Mark-Up/Consolidation (Bullish phase mein temporary rest)