Safe Mcx Trading Tips with Huge Profit 15-July-2019

Market Outlook

MCX Gold price fell from higher levels on Friday and we will keep bearish overview for upcoming session, if price sustains below 34500 and after that this momentum can find next immediate support level of 34300 and higher side it has initial resistance level at 35000. MCX Crude oil showed sideways movement but we will still continue to suggesting bullish view for upcoming session up to next immediate resistance level of 4200 and if price takes correction from higher levels than it can find support level of 4050. MCX Copper showed bullish movement and test 445 levels and price trades above this level then this bullish momentum can test next resistance level of 450.

Fundamental News

Gold prices rose on Friday and were on track to post a weekly gain, consolidating above $1,400 as renewed Sino-U.S. trade tensions amid global growth jitters and prospects of an interest rate cut by the U.S. Federal Reserve stoked safe-haven demand.

Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 34900. Now if price sustains on higher level then it will test next resistance level of 35100. On other side 34700 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 38400. Now if price sustains on higher level then it will test next resistance level of 38800. On other side 38000 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4180. Now if price sustains on higher level then it will test next resistance level of 4250. On other side 4100 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 445. Now if price sustains on higher level then it will test next resistance level of 449. On other side 440 will be major support level.

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