Accurate Trading Tips Of MCX

Market Outlook
MCX Gold price settles at 1316.48 level since yesterday, and the price falls under continuous negative pressure coming trading session but some correction are expected, Oil price’s recent trades are confined within bullish pattern which means that breaching 4620 will activate the positive effect of this pattern and motivate the price to resume the main bullish trend, MCX Copper price started to provide some negative trades that fluctuates below 50 level now, which blocks the bullish rally along with providing chances to test 447 support.

Fundamental News

Precious metal prices held steady in early morning European trade on Friday as investors looked ahead to U.S. data on first quarter economic growth.Crude Oil prices slid on Friday morning in Asia as the dollar rose to a new high to above the 91 mark & prices rose yesterday as traders worried that the U.S. will re-impose sanctions against Iran

Gold showed sideways to bearish movement and found the major support level of 31126. Now if price sustains on lower level then it will test next support level of 31005. On other side 31277 will be major resistance level.
gold imageSilver showed sideways to bearish movement and found the major support level of 38900. Now if price sustains on lower level then it will test next support level of 38500. On other side 39350 will be major resistance level.
silver imageCrude oil showed sideways to bearish movement and found the major support level of 4520. Now if price sustains on lower level then it will test next support level of 4482. On other side 4563 will be major resistance level. crude imageCopper showed sideways to bearish movement and found the major support level of 446.50. Now if price sustains on lower level then it will test next support level of 443.60. On other side 458.60 will be major resistance level. copper image

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