Awesome Trading Tips for Mcx Market

Market Outlook

MCX Gold price shows positive trades now to start the attempts to head towards our main waited positive target at 30900, supported by stochastic positivity, waiting for more rise for today. Oil price opens today’s trading with bullish gap that puts the price above 3720 level, and it shows more bullish bias that hints the price head to recover in the upcoming sessions, MCX Copper price hinted keeping the bullish bias domination by forming strong bullish wave & which confirms the price consolidation within the bullish channel to continue the attempts to record new targets by reaching 452.

Fundamental News

On Monday in Asia Gold prices rose while the dollar dropped after news that the U.S. and China agreed to put any new tariffs on hold for 90 days. Crude Oil prices surged Monday morning in Asia after Russia and Saudi Arabia agreed to extend a deal to manage the market into next year.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 30899. Now if price sustains on higher level then it will test next resistance level of 31000. On other side 30316 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 37391. Now if price sustains on higher level then it will test next resistance level of 37855. On other side 36531 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3790. Now if price sustains on higher level then it will test next resistance level of 3903. On other side 3606 will be major support level.

 

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 447.50. Now if price sustains on higher level then it will test next resistance level of 452.70. On other side 434.50 will be major support level.

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