From Panic to Power: Gold Petal’s Bullish Reversal Unfolds

MCX Gold Petal Futures has staged a notable bullish reversal after a steep fall, bottoming out near the ₹9,907 support zone. The price formed a reversal base with long lower wicks and indecisive candles, signaling demand absorption. What followed is a classic sequence of higher highs and higher lows, confirming renewed buyer strength. The breakout above ₹9,980 shows bullish momentum, with current consolidation just below ₹9,990. If this level is breached with volume, the bulls could push toward ₹10,020–₹10,040, while ₹9,950 now acts as the critical support for trend validation.