Accomplish Your Success With Best MCX Tips

Market Outlook

MCX Gold price showed slight negative movement on Tuesday and also test important support level of 31500, so our bearish trend expectations will remain valid for upcoming sessions towards next support level of 31300. MCX Crude oil showed more bullish bias and also it may give positive movement, if price maintains above 4650 in upcoming trading session and lower side it has immediate support at 4550. MCX Copper price did not succeed to resume the bullish attack due to the lack of negative movement. For next period if it manages above 450 then it will again tries to attack for bullish movement.

Fundamental News

Gold prices inched back towards last week’s four-month low on Tuesday as a firmer dollar and ongoing preference for riskier assets took the sheen off the metal traditionally seen as a safe-haven.

Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

Gold showed sideways to bearish movement and found the major support level of 31450. Now if price sustains on lower level then it will test next support level of 31300. On other side 31650 will be major resistance level.

Gold showed sideways to bearish movement and found the major support level of 31450. Now if price sustains on lower level then it will test next support level of 31300. On other side 31650 will be major resistance level.

Silver showed sideways to bearish movement and found the major support level of 36800. Now if price sustains on lower level then it will test next support level of 36500. On other side 37500 will be major resistance level.

Crude oil showed sideways to bullish movement and found the major resistance level of 4670. Now if price sustains on higher level then it will test next resistance level of 4750. On other side 4580 will be major support level.

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