Latest MCX Trading Tips For Huge profit

Market Outlook

MCX Gold showed slight positive movement on Monday and for upcoming session it may continue with bullish trend, if price manages above 35100 and lower side it has immediate support at 34700. MCX Crude oil was quite volatile and we will still keep bullish overview for upcoming period up to next important resistance level of 4250 and after that 4300 will be next resistance. MCX Copper broke resistance level of 445 and showed positive movement. For upcoming trading session this bullish momentum can take price up to next immediate resistance level of 450 and lower side 435 will act as a support level.

Fundamental News

Gold prices slipped on Monday, consolidating above $1,400 pivot, as key China data assuaged concerns about global economic slowdown and boosted appetite for riskier assets.

Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades.

Gold showed sideways to bullish movement and found the major resistance level of 35000. Now if price sustains on higher level then it will test next resistance level of 35200. On other side 34700 will be major support level.

Silver showed sideways to bullish movement and found the major resistance level of 38700. Now if price sustains on higher level then it will test next resistance level of 39000. On other side 38200 will be major support level.

Crude oil showed sideways to bearish movement and found the major support level of 4050. Now if price sustains on lower level then it will test next support level of 3950. On other side 4180 will be major resistance level.

Copper showed sideways to bullish movement and found the major resistance level of 447. Now if price sustains on higher level then it will test next resistance level of 452. On other side 442 will be major support level.

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