Daily Accurate Prediction of MCX Market

Market Outlook

MCX Gold price opens today’s trading with bullish bias after approaching 31550 level in the previous sessions, we will continue to suggest the bullish trend in the upcoming sessions, Crude oil price settles below 4760 level, which might force the price to test 4720 – 4665 levels before turning back to rise again, MCX Copper price kept its stability positively above the 465 level. Confirming its readiness to form a new bullish attack in the near and medium period, therefore, we will prefer the bullish bias, reminding you that the main targets settles near 468 reaching to 472.

Fundamental News

Yellow metal prices were little changed on Monday as the dollar opened the week slipping against the other major currencies amid sagging U.S. 10-year Treasury yields.Crude Oil prices edged lower for the second session in a row on Monday, moving further away from more than three-year highs touched recently, as a rise in U.S. drilling for new production dampened sentiment.

GOLD

Gold showed sideways to bearish movement and found the major support level of 31384. Now if price sustains on lower level then it will test next support level of 31241. On other side 31579 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 40326. Now if price sustains on lower level then it will test next support level of 40050. On other side 40531 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4732. Now if price sustains on lower level then it will test next support level of 4680. On other side 4815 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 461.10. Now if price sustains on lower level then it will test next support level of 456.35. On other side 466.90 will be major resistance level.

(Click to submit your details) Just one step to get best trading tips and Recommendations

Leave a Reply

Your email address will not be published. Required fields are marked *