User

Has gold given breakout

Asked by CNI Follower · 3 months ago · 13-12-2025

Yes—on the daily/positional timeframe, gold has already given a clear upside breakout; currently it is in a post‑breakout uptrend and now consolidating near record/high levels.

Key points:

1. International gold (XAU/USD)

- A major breakout occurred in early October 2025 when prices moved decisively above the $3,900–4,000 band and then sustained above it, with technical commentary explicitly calling it a “breakout” and projecting higher targets. (in.investing.com)

- Since then, gold has repeatedly pushed to new highs above $4,200 and is now trading near/just below the $4,300+ zone, which is around seven‑week or all‑time highs depending on the contract. (fxstreet.com)

- Presently, price action is more of a pause/consolidation after the breakout, not a fresh breakout today. A new technical breakout on spot would typically require a sustained move and close above the recent peak region (roughly $4,275–4,300), turning that zone into support. (ainvest.com)

2. MCX Gold (India)

- MCX gold futures had already broken out to new lifetime highs earlier in October (Dec contract crossing ~₹1.32 lakh per 10g). (business.smdailypress.com)

- On 11 December 2025, the February MCX gold futures contract again surged and touched around ₹1,34,243 per 10g, clearly above prior resistance, confirming the broader breakout and uptrend. (livemint.com)

- Short term, this area is now resistance‑turned‑supply; price is strong but also extended, so traders are watching whether it consolidates and then breaks above this zone again or sees profit‑booking.

3. How to interpret this for trading (example framework, not advice)

- For positional view: trend is up and breakout is already in place; dips into prior resistance zones (e.g., old swing highs) often act as support in a strong trend.

- For fresh breakout trades: many traders would now look for either

- a clean close above the most recent high (₹1.34L+ on MCX / $4,275–4,300 on spot) with good volume, or

- a pullback to support followed by a strong rejection candle.

- Always define your timeframe (intraday vs swing), entry/exit rules, and risk (SL) before acting.

You can track live charts and breakout levels on sites like MCX, TradingView, or Investing.com India for up‑to‑the‑minute confirmation.

If you have any further queries, please connect with us on 022-6290-10141 (Timings : 09.00 AM to 05.00 PM) or you can email us on info@cniinfoxchange.com