Get Remarkable MCX Trading Tips to Earn Profit

Market Outlook

MCX Gold price showed sideways movement on Monday. For upcoming period, if price manages above 31900 then bullish bias will remain active up to next resistance of 32100 and lower side 31600 will act as a immediate support level. MCX Crude oil showed some down side movement and it will remain continue with bearish trend as well as test strong support of 4300 in upcoming session. On higher side if it takes recovery then it can find resistance of 4450. MCX Copper price was range bounded and if price maintains above 452 in next trading session then this bullish momentum can find new resistance level i.e. 460 and lower side it has immediate support at 440.

Fundamental News

Gold prices inched down on Monday to a more than one-week low as progress in U.S.-China trade talks lifted risk sentiment, taking sheen off safe-haven bullion even as the U.S. dollar weakened.

Crude Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

Gold showed sideways to bullish movement and found the major resistance level of 31900. Now if price sustains on higher level then it will test next resistance level of 32050. On other side 31650 will be major support level.

Silver showed sideways to bullish movement and found the major resistance level of 37450. Now if price sustains on higher level then it will test next resistance level of 37750. On other side 36850 will be major support level.

Crude oil showed sideways to bearish movement and found the major support level of 4370. Now if price sustains on lower level then it will test next support level of 4300. On other side 4430 will be major resistance level.

Copper showed sideways to bearish movement and found the major support level of 447. Now if price sustains on lower level then it will test next support level of 443. On other side 451 will be major resistance level.

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

Leave a Reply

Your email address will not be published.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