Live MCX Trading Tips of Current Market

Market Outlook

MCX Gold price keeps its stability above the bullish resistance, which supports the continuation of our bullish overview in the upcoming sessions, holding above 31900 is important to continue the expected rise, oil price begins to rebound bearishly after testing 4990 level and holding below it, waiting to motivate the price to achieve more decline in the upcoming period, MCX Copper price kept its positive stability until this moment by holding above the initial support 446, while the continuous stability of this support will increase the chances of renewing the bullish attempts that target 452.

Fundamental News
On Friday Gold prices edged higher on Friday as disappointing U.S. earnings hit Asian and European equities, sparking flight to the safe haven asset, while markets looked ahead to the latest reading of growth in the world’s largest economy.

Crude Oil prices fell on Friday as China ordered at least two state-owned oil companies to stop buying Iranian oil. Gold showed sideways to bullish movement and found the major resistance level of 32213. Now if price sustains on higher level then it will test next resistance level of 32311. On other side 31901 will be major support level. Silver showed sideways to bullish movement and found the major resistance level of 39010. Now if price sustains on higher level then it will test next resistance level of 39268. On other side 38570 will be major support level.
Crude oil showed sideways to bullish movement and found the major resistance level of 4980. Now if price sustains on higher level then it will test next resistance level of 5100. On other side 4868 will be major support level.
Copper showed sideways to bearish movement and found the major support level of 440.65. Now if price sustains on lower level then it will test next support level of 434.80. On other side 450.25 will be major resistance level.

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