Make Strategy With Accurate MCX Tips

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MCX-Free-Tips

Market Outlook

MCX Gold price confirmed breaching 31250 level after closing the daily candlestick above it, which pushes the price to recover and it’s return to the main uptrend again, Crude oil price closed yesterday’s trading below the bullish channel’s support line to start bearish correction that its first target located at 4665, the bearish trend will be expected on the intraday basis, MCX Copper price keeps looking for positive momentum, accompanied with its repeated stability above 465 level,  the copper nature & behavior is important, to avoid any attempt to reach below the current support.

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Fundamental News

 The U.S. dollar index testing the 94 level with Precious metal prices slipped on Friday as the dollar firmed against the other major currencies in Asia in late morning trade Friday.

Amid increased output concerns from Russia and the Organization of Petroleum Exporting Countries, Crude Oil prices were lower on Friday.

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GOLD

Gold showed sideways to bearish movement and found the major support level of 31182. Now if price sustains on lower level then it will test next support level of 31095. On other side 31510 will be major resistance level.

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SILVER

Silver showed sideways to bearish movement and found the major support level of 40180. Now if price sustains on lower level then it will test next support level of 39890. On other side 40916 will be major resistance level.

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CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4472. Now if price sustains on lower level then it will test next support level of 4349. On other side 4834 will be major resistance level.

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