Safe Trading With Beneficial Mcx Tips

Market Outlook

MCX Gold falls on morning session on today but after downfall it took good recovery from lower levels and also test major resistance of 31700 and for upcoming session it may continue with bullish trend if price maintains above 31750. MCX Crude oil trades on higher level and may be continue with this rally on next trading session. MCX Copper also took some correction after bearish movement and next trading session if it hold 415 then we will continue to suggest some more recovery up to next resistance level i.e. 425 levels.

Fundamental News

Prices of Gold fell on Tuesday, as the dollar recovered from lows and hopes for a trade deal between China and the United States whetted risk appetite, making bullion less attractive. Prices rose of Crude oil on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse a trade dispute between the world’s two biggest economies, while OPEC-led supply cuts also tightened markets.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 31710. Now if price sustains on higher level then it will test next resistance level of 31879. On other side 31565 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 39370. Now if price sustains on higher level then it will test next resistance level of 39650. On other side 38889 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3520. Now if price sustains on higher level then it will test next resistance level of 3650. On other side 3400 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 413.80. Now if price sustains on higher level then it will test next resistance level of 418.50. On other side 408.50 will be major support level.

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