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Earn Big From Accurate MCX Trading Tips

Market Outlook

MCX Gold price ended last week with strong negativity, settling below 31100 level, which puts the price under more expected negative pressure in the upcoming period, Oil price continued its sharp decline to touch our waited negative target at 4330 and settles there, negative pressure to support the chances of continuing the bearish bias in the upcoming period, The effect of the 480 barrier’s stability continued on Copper price, to resume the bearish correction. MCX copper Fluctuated within the Bullish range

Fundamental News

Precious metal struggled to register any meaningful recovery and remained within striking distance of near six-month lows set on Friday. Crude oil prices fell on Monday after China threatened duties on American crude imports in a trade dispute with Washington, while supply from OPEC and Russia was also expected to rise.

GOLD

Gold showed sideways to bearish movement and found the major support level of 30929. Now if price sustains on lower level then it will test next support level of 30840. On other side 31026 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 39932. Now if price sustains on lower level then it will test next support level of 39650. On other side 40332 will be major resistance level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 4485. Now if price sustains on higher level then it will test next resistance level of 4518. On other side 4334 will be major support level.

COPPER

Copper showed sideways to bearish movement and found the major support level of 466.10. Now if price sustains on lower level then it will test next support level of 459.25. On other side 473.75 will be major resistance level.

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