Authentic Gold Market Tips and Trading Strategy

Market Outlook
MCX Gold price took some recovery from lower levels and may be continuw with upward trend in next session, if price closes above 33000 levels and after that it can find next resistance of 33300. MCX Crude also took recovery from lower levels and may test immediate resistance of 3870 and if price maintains above this level then then bullish scenario may active up to next resistance level i.e. 3950 levels.MCX Copper price continues with downward trend and test its major support of 432 and if price breaks this level then we will continue to suggest berish trend towards next support of 425 and after that 420 will be next support.

Fundamental News
Gold prices higher on Wednesday, supported by a weaker dollar on hopes of a deal between the United States and China over a long-drawn trade war, but improved risk appetite capped bullion’s gains.

Crude oil prices rose on Wednesday, after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, while U.S. futures gained on a decline in domestic oil inventories.

Gold showed sideways to bullish movement and found the major resistance level of 33145. Now if price sustains on higher level then it will test next resistance level of 33300. On other side 32800 will be major support level.

Silver showed sideways to bullish movement and found the major resistance level of 39898. Now if price sustains on higher level then it will test next resistance level of 40200. On other side 39499 will be major support level.

Crude oil showed sideways to bullish movement and found the major resistance level of 3874. Now if price sustains on higher level then it will test next resistance level of 3950. On other side 3773 will be major support level.

Copper showed sideways to bullish movement and found the major resistance level of 436. Now if price sustains on higher level then it will test next resistance level of 440. On other side 432.30 will be major support level.

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