Winning Prediction Of Mcx Market | Gold Tips 18 March 2019

Market Outlook

MCX Gold took some recovery from lower levels after sharp downfall on Friday but it cannot maintain on higher levels. For upcoming week we will keep bearish overview if price trades below 31800 and after that this downward momentum can find new support of 31500 and higher side it has immediate resistance of 32000. MCX Crude oil slips from higher levels and settles down on lower side and if price takes some recovery from lower side then it will test resistance of 4100. MCX Copper continued with downward trend and it also broke its intraday support of 445 and if price sustains below this level in next trading session then again bearish trend will active towards next support of 438.

Fundamental News

Prices of Gold futures settled back above $1,300 an ounce Friday to post a modest gain of 0.3% for the week, with the haven metal finding support following mass shootings in New Zealand and from uncertainty surrounding the U.K. exit from the European Union.

The price of Crude Oil traded to the highest levels since November as traders anticipate the meeting between OPEC and strategic alliances that could renew the commitment to production curbs and further support the market.

GOLD

Gold showed sideways movement and found the major support level of 31700. Now if price sustains on lower level then it will test next support level of 31500. On other side 31950 will be major resistance level.

SILVER

Silver showed sideways movement and found the major support level of 38000. Now if price sustains on lower level then it will test next support level of 37680. On other side 38350 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3990. Now if price sustains on lower level then it will test next support level of 3900. On other side 4080 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 443. Now if price sustains on lower level then it will test next support level of 438. On other side 449 will be major resistance level.

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