Absolute Profit with Accurate Mcx Tips

Market Outlook

MCX Gold price rallied bullishly to breach 32000 level and settles above it and next trading session we will remain continue with positive movement up to next resistance level i.e. 32200 levels. MCX crude oil looks quite volatile today as it trades in between range of 3600-3700, for next session it may give some bullish movement and takes quick recovery. MCX Copper remain continue with its daily bearish trend and test major support of 416 and if price breaks and sustains below 415 in next trading period then 405 will act as a next important support.

Fundamental News

Prices of precious metals rose on Thursday as growing expectations that the U.S. Federal Reserve will pause its rate tightening cycle this year and an impasse between U.S. President Donald Trump and Democrats on funding for a border wall weighed on the dollar. Crude Oil prices fell by more than 1 percent on Thursday on swelling U.S. supply and amid caution after talks between the United States and China finished without any concrete details on a resolution to their trade disputes.

GOLD

Gold showed sideways to bearish movement and found the major support level of 31850. Now if price sustains on lower level then it will test next support level of 31750. On other side 32135 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 39300. Now if price sustains on lower level then it will test next support level of 39000. On other side 39800 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3623. Now if price sustains on lower level then it will test next support level of 3500. On other side 3718 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 411.75. Now if price sustains on lower level then it will test next support level of 407. On other side 418.80 will be major resistance level.

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