MCX Gold Futures remain in a confirmed impulsive structure on the daily timeframe. Elliott Wave analysis identifies the market within Primary Wave (III), which is still developing and structurally incomplete. Internal price action subdivides into a valid five-wave impulse at the intermediate degree, with Intermediate wave v currently unfolding.
Based on the current impulsive structure, the following levels may act as potential upside reference zones if the ongoing trend remains intact: 141900 – 147600 – 155700.
MCX Silver continues to broadly track gold’s structural bias, while energy markets (Crude Oil and Natural Gas) remain more sensitive to inventory data and macro-liquidity signals during the current phase.
Key Economic Events – This Week
(Potential volatility drivers across Gold, Silver, Crude Oil & Natural Gas)
29 December 2025
21:00 – USD Crude Oil Inventories (High Impact)
→ Direct impact on Crude Oil, secondary sentiment spillover to the commodities complex
22:30 – USD Natural Gas Storage (Low Impact)
→ Direct impact on Natural Gas, limited macro spillover
30 December 2025
11:30 – RUB S&P Global Services PMI (Dec) (Low Impact)
→ Limited regional relevance
19:30 – USD S&P/CS HPI Composite (Medium Impact)
→ Broader USD sentiment; indirect impact on Gold & Silver
31 December 2025
00:30 – USD FOMC Meeting Minutes (High Impact)
→ Key driver for USD liquidity expectations; potential volatility in Gold & Silver
03:00 – USD API Weekly Crude Oil Stock (Medium Impact)
→ Near-term Crude Oil price sensitivity
07:00 – CNY Manufacturing PMI (Dec) (Medium Impact)
→ Demand sentiment implications for industrial commodities
19:00 – USD Initial Jobless Claims (Medium Impact)
→ USD strength/weakness implications
23:30 – USD Baker Hughes Oil Rig Count (Medium Impact)
→ Forward supply signal for Crude Oil & Natural Gas
02 January 2026
10:30 – INR S&P Global Manufacturing PMI (Dec) (Medium Impact)
→ Domestic demand sentiment; relevance for MCX commodities
17:00 – INR FX Reserves (USD) (Medium Impact)
→ INR stability; indirect impact on MCX pricing
20:15 – USD S&P Global Manufacturing PMI (Dec) (High Impact)
→ Global growth & USD liquidity expectations; broad commodity impact
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I totally agree with your count. Looking good level to buy gold fut.
Sirji, Gold ka final target hit hogaya h.
Good work…all target done…update silver and copper…thank you…
January end se pahle apka target aa gaya. Good work.