Bring Profit With Higher Success Rate in Mcx Market

Market Outlook

MCX Gold price continues to fluctuate inside the bullish pennant pattern, waiting to breach 32350 level to activate the positive effect of this pattern followed by getting a positive motive that assists to continue the short term bullish trend, oil price ended yesterday’s trading above 3630 level after breaching the minor bearish channel’s resistance that appears on the chart, expecting to push the price to achieve more gains in the upcoming sessions, MCX Copper price confirmed keeping the bullish attempts by providing clear stability above the initial support 416, to decrease the chances of pressing on the key support 412.

Fundamental News

On Wednesday in Asia Gold prices edged up as political uncertainty in the U.K. boosted demand for the safe-haven metal.On Wednesday in Asia Crude Oil prices rose as China took fresh measures to stimulate its economy as it struggles with the threat of an escalating trade war with the U.S.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 32300. Now if price sustains on higher level then it will test next resistance level of 32450. On other side 32100 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 39753. Now if price sustains on higher level then it will test next resistance level of 40000. On other side 39433 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3745. Now if price sustains on higher level then it will test next resistance level of 3820. On other side 3645 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 423.45. Now if price sustains on higher level then it will test next resistance level of 428. On other side 417.60 will be major support level.

  

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