Maximize Your Profit With Mcx Trading Tips

Market Outlook.

MCX Gold price showed strong bullish movement and also broke its psychological resistance level of 37500 after a long time. For upcoming trading session we will keep upward scenario up to next resistance level of 37900. MCX Crude oil fell from higher levels and trades below 3800 levels and it may give more down side movement, if price sustains below 3750 in upcoming session and higher side it has important resistance level at 3900. MCX Copper showed slight negative movement and if price sustains below 435 in next session then it will remain continue with bearish trend towards next support level of 430 and higher side it has strong resistance at 445.

Fundamental News

Gold scaled a six-year peak on Wednesday to within striking distance of $1,500 as investors continued to pile into safe havens to hedge against heightened U.S.-China trade tensions.

Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand.

Gold showed sideways to bullish movement and found the major resistance level of 38500. Now if price sustains on higher level then it will test next resistance level of 38700. On other side 37600 will be major support level.

Silver showed sideways to bullish movement and found the major resistance level of 43900. Now if price sustains on higher level then it will test next resistance level of 44300. On other side 42800 will be major support level.

Crude oil showed sideways to bearish movement and found the major support level of 3600. Now if price sustains on lower level then it will test next support level of 3530. On other side 3870 will be major resistance level.

Copper showed sideways to bullish movement and found the major resistance level of 444. Now if price sustains on higher level then it will test next resistance level of 449. On other side 434 will be major support level.

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