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Market Outlook
MCX Gold price managed to close the daily candlestick below 31000 level, which supports the continuation of our bearish overview up to 30850 level in upcoming sessions, oil price trading with strong positivity trend & some correction are expected for upcoming sessions from upper to down side, MCX Copper price in the negative bias,if it may closed below 446.50 level our next negative target is 442.50 level.& begin forming new negative trading, targeting new negative levels that begin at 439 and 435.

Fundamental News

Committee (FOMC) is slated to begin its two-day policy meeting on Tuesday; the uptick in inflation comes a day before the Federal Reserve Open Market.

Reuters said, which includes limits on its nuclear program and allowing international investigators access to its facilities, The International Atomic Energy Agency and the signatories to the Iran nuclear accord, however, have repeatedly confirmed that Iran was complying with the deal.

Gold showed sideways to bearish movement and found the major support level of 30865. Now if price sustains on lower level then it will test next support level of 30750. On other side 30971 will be major resistance level.

Silver showed sideways to bearish movement and found the major support level of 38886. Now if price sustains on lower level then it will test next support level of 38432. On other side 39400 will be major resistance level.

Crude oil showed sideways to bearish movement and found the major support level of 4465. Now if price sustains on lower level then it will test next support level of 4430. On other side 4566 will be major resistance level.

Copper showed sideways to bearish movement and found the major support level of 448.95. Now if price sustains on lower level then it will test next support level of 447.05. On other side 457.80 will be major resistance level.

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