Easy Profit Making With Latest Mcx Trading Tips

Market Outlook

MCX Gold price was quite volatile on Tuesday after bullish movement. For upcoming session it may continue with bullish trend up to next resistance level of 39200 and lower side it has immediate support at 38500. MCX Crude oil was slight positive and if price manages above 4000 levels in upcoming session then again bullish bias will active and price may moves up side up to next resistance level of 4050. MCX Copper showed slight negative movement and if price sustains below 438 levels in upcoming trading session then again bearish scenario will active towards next support level of 430 and after that 425 will act as a immediate support level.

Fundamental News

Gold prices were largely steady on Tuesday, retreating from an over six-year peak hit in the previous session, as U.S. President Donald Trump signalled a possible reconciliation with China, calming worries about an escalation in their trade war. Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 39100. Now if price sustains on higher level then it will test next resistance level of 39300. On other side 38700 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 46000. Now if price sustains on higher level then it will test next resistance level of 46400. On other side 44900 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3930. Now if price sustains on higher level then it will test next resistance level of 4000. On other side 3830 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 440. Now if price sustains on lower level then it will test next support level of 436. On other side 446 will be major resistance level.

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