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Advance MCX Trading Tips For Making Huge Profit

 Market Outlook

MCX Gold price continued its negative crawling to reach our first target at 29570 level, we will continue to suggest the bearish trend for today conditioned by the price stability below 29900. Oil price opens today’s trading with bullish bias to move above 4770 level, which hints the price head to achieve more gains and recover on the intraday and short term basis, the bullish trend will be suggested for today. MCX Copper price kept the negative attempts due to its repeated stability below the resistance at 417, to notice that it begins to form new negative trading this morning; therefore we will keep waiting for renewing the pressure on the barrier at 403.

Fundamental News

 Precious metal prices inched up on Friday after the dollar slipped after rising briefly earlier in the day following the conclusion of the trade talks between U.S. and China that has yielded little progress.

On Friday Crude oil prices continued to rise, as trade talks between the U.S. and China ended with no major breakthrough.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 29967. Now if price sustains on higher level then it will test next resistance level of 30087. On other side 29570 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 37130. Now if price sustains on higher level then it will test next resistance level of 37677. On other side 36534 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4857. Now if price sustains on higher level then it will test next resistance level of 4907. On other side 4790 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 418.85. Now if price sustains on higher level then it will test next resistance level of 422.75. On other side 412.05 will be major support level.

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