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Beneficial Gold Tips With Best Outcome

Market Outlook

MCX Gold price begins today’s trading with bullish bias and attempts to breach 31100 level, but we will depend on the daily close achieved below the mentioned level to continue suggesting the bearish trend in the upcoming sessions, Oil price bounced bearishly after the positive attempts that it witnessed yesterday, to approach the key support 3670, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 3810,MCX Copper price by providing repeated sideways trading, due to its neediness to the positive momentum.

Fundamental News

On Thursday in Asia Gold prices edged higher and traded near a 5-month high amid U.S. yield curve inversion. Crude Oil prices slipped on Thursday morning in Asia, ahead of an OPEC meeting in Austria later today. The producers are widely expected to agree on an output slash to avoid oversupply, but the decision will likely face headwinds from U.S. President Donald Trump.

GOLD

Gold showed sideways to bearish movement and found the major support level of 31062. Now if price sustains on lower level then it will test next support level of 30900. On other side 31296 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 37061. Now if price sustains on lower level then it will test next support level of 36750. On other side 375170 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 3559. Now if price sustains on lower level then it will test next support level of 3478. On other side 3793 will be major resistance level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 428.20. Now if price sustains on lower level then it will test next support level of 425.20. On other side 435.10 will be major resistance level.

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