MCX Gold Futures – Intraday Analysis for 7th Oct 2025Gold FuturesMCX:GOLD2!ChartPathikGOLD2! Gold is trading at 121,603, consolidating just above the zero line (121,583), after a breakout above resistance, followed by mild profit-taking. This is a key inflection zone for either a momentum extension or a retracement. Bullish Scenario Long Entry (121,321): Initiate fresh longs above 121,321, confirming buyers supporting every dip at trend breakout levels. Additional exposure can be taken at 121,145 (add-long area) if minor dips are absorbed, marking higher lows. Upside Targets: 122,504 (Target 1): First mapped supply zone and profit booking area. 123,073 (Target 2): Extended bullish target if strong momentum continues. Stop Loss: Place below 120,969 (short entry) or progressively trail as price moves up. Bearish Scenario Short Entry (120,969): Shorts trigger below 120,969, marking breakdown of support and handed control back to sellers. Downside Targets: 120,662 (Target 1): Demand zone and first logical bounce/support area. 120,093 (Target 2): Next extension target for aggressive move. Stop Loss: Cover shorts if price retakes 121,321 to avoid losses on failed breakdowns. Range/Neutral Logic Zero Line (121,583): Price at zero line marks market balance; sustained action above encourages further momentum, while repeated rejection here raises risk of short-term pullback to lower supports. Avoid new trades around zero line unless breakout/breakdown conviction emerges.