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Gold Prices Dip but Bullish Trend Intact, Analysts Affirm
15 Nov
Summary
- Gold prices in India have eased from recent highs
- Pullback is a technical correction within an established uptrend
- Domestic and global charts remain bullish, with major supports holding
As of November 15th, 2025, gold prices in India have eased from their recent highs, with MCX gold slipping toward the crucial Rs 1,21,800 support zone. However, analysts emphasize that this pullback is occurring within an established uptrend, and the larger trend remains firmly bullish.
Domestic and global charts continue to trade within a broader rising pattern, indicating that the overall outlook for gold remains constructive. Analysts note that the recent movement is being characterized as a retest of previously supportive zones, rather than a downturn driven by fundamental factors.
Despite the interim dips, the underlying setup for Indian gold prices remains strong as long as major supports hold. Analysts highlight that MCX gold has been supported near the Rs 1,21,800 zone, and the broader technical structure suggests a cyclical pullback within a strong uptrend, rather than any structural weakness.
Looking ahead, the medium-term outlook for gold remains positive, with factors such as global currency trends, central bank accumulation, geopolitical tensions, and inflation expectations reinforcing the bullish bias as long as key support levels hold firm.
