Live MCX Trading Tips of Current Market

Market Outlook

MCX Gold price’s recent trades are confined within bullish flag pattern and the price begins attempts to breach it now, which supports the chances of continuing the expected bullish trend on the intraday basis, oil price begins today’s trading with bullish gap to attempt to breach 5310 level, but it returns to decline calmly and move below the mentioned level, MCX Copper price approached the first target yesterday at 460, forming the initial support against the bearish attempts, while the stability of this support line led to form new positive rebound, to confirm postponing the negative attack.

Fundamental News
Investors will get the chance On Wednesday to review the minutes of the Federal Reserve’s September meeting, when it raised rates for a third time this year.

On Monday Crude Oil prices rose morning in Asia following tensions between the U.S. and Saudi Arabia on the sudden disappearance of a Washington Post columnist Jamal Khashoggi, with whom the Kingdom denied any involvement.

Gold showed sideways to bullish movement and found the major resistance level of 32311. Now if price sustains on higher level then it will test next resistance level of 32455. On other side 31831 will be major support level. Silver showed sideways to bullish movement and found the major resistance level of 39444. Now if price sustains on higher level then it will test next resistance level of 39749. On other side 39037 will be major support level. Crude oil showed sideways to bullish movement and found the major resistance level of 5334. Now if price sustains on higher level then it will test next resistance level of 5401. On other side 5232 will be major support level. Copper showed sideways to bearish movement and found the major support level of 456.60. Now if price sustains on lower level then it will test next support level of 451.70. On other side 464.75 will be major resistance level.

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