Invest and Get Profit With Mcx Trading Tips

 Market Outlook

MCX Gold price continues to fluctuate near the previously broken support of the minor bullish channel, these factors encourage us to continue suggesting the bearish trend on the intraday and short term basis, oil price shows sideways trading, settling around the 4700 level and it keeps fluctuating inside the sideways range that appears on the chart, between 4580 supprot and 4820 resistance, MCX Copper price failed to break 412 level to continue forming clear support against the negative attempts, repeat the attempts to decline below the current barrier.

Fundamental News

On Monday Gold prices hovered near a 17-month low amid lingering worries over the U.S.-China trade conflict, while a stronger U.S. dollar also put pressure on the yellow metal. Crude Oil prices edged up on Monday amid reports that Saudi Arabia pumped fewer crude barrels in July, while the U.S. saw a drop in active drilling rigs, Baker Hughes’ weekly data showed

GOLD

Gold showed sideways to bearish movement and found the major support level of 29610. Now if price sustains on lower level then it will test next support level of 29528. On other side 29760 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 37736. Now if price sustains on lower level then it will test next support level of 37500. On other side 38285 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4812. Now if price sustains on higher level then it will test next resistance level of 4900. On other side 4713 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 413.20. Now if price sustains on lower level then it will test next support level of 410. On other side 419 will be major resistance level.

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