GOLD | PRICE ACTION-BASED OUTLOOK Gold FuturesMCX:GOLD1!trailingtradesc85cd5c9f87345fbGold has recently shown a recurring price-action pattern where an upside move of approximately 3–3.5% is followed by a potential 1–1.5% corrective decline. Based on the current price-action calculation, the projected upside zone is approximately: ₹1,65,700–₹1,66,000 Once this 3–3.5% upside move is completed, a short-term intraday correction of around 1–1.5% can potentially be expected. Potential Correction Zone: ₹1,63,800–₹1,64,000 Approx. Downside: ₹1,000–₹2,000 points The setup remains dependent on the price-action pattern continuing to behave in a similar manner. Traders should watch the ₹1,65,700–₹1,65,800 zone closely for signs of exhaustion and reversal. Key Levels: Upside Zone: ₹1,65,000–₹1,65,800 Expected Correction: ₹1,63,800–₹1,64,000 Potential Fall: ~1–1.5% / ₹2,000 points This is a price-action-based analysis for educational purposes only and should not be considered investment advice.