Add Profit With Significant Mcx Trading Tips

Market Outlook

MCX Gold price took correction from higher to lower side after bullish movement and we expect more down side movement in upcoming session, if price sustains below 38800 and below this level 38500 will act as a next major support level. MCX Crude oil showed slight positive movement and if price maintains above 4100 levels in upcoming session then we will continue to suggesting bullish trend up to next resistance level of 4150 and lower side it has immediate support at 3950. MCX Copper showed upside movement on Wednesday and if price manages above 450 levels then this momentum can take price up to next resistance level of 455.

Fundamental News

Gold steadied near a six-year peak on Thursday and silver rose to its highest in more than two years as fears of a global recession, exacerbated by the protracted U.S.-China trade war, drove interest for safe havens.Oil prices moved in opposite directions on Thursday, with Brent easing but holding above $60 a barrel while a sharp fall in U.S. inventories last week boosted WTI futures.

GOLD

Gold showed sideways to bearish movement and found the major support level of 38600. Now if price sustains on lower level then it will test next support level of 38400. On other side 39450 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 45850. Now if price sustains on lower level then it will test next support level of 45450. On other side 47500 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4100. Now if price sustains on higher level then it will test next resistance level of 4175. On other side 4000 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 449. Now if price sustains on higher level then it will test next resistance level of 453. On other side 442 will be major support level.

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