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Make Huge Money with Mcx Trading Tips

Market Outlook

MCX Gold price again showed bullish movement and test its major resistance level of 33200 and once again we will keep bullish overview for upcoming trading session, if price maintaining above 33200 and after that 33350 will act as a next resistance level. MCX Crude oil showed downward side movement and if price sustains below 3550 in upcoming session then the negativity will remain continue towards next support level of 3500. MCX Copper took recovery from lower to higher side after sharp downfall and it may give more positive movement in next period, if price maintains above 415 and after that 420 will be next immediate resistance level.

Fundamental News

Gold held steady in early Asian trade on Tuesday as investors awaited the start of a two-day monetary policy meeting of the U.S. Federal Reserve for clues on interest rates. 

Oil prices fell for a second day on Tuesday on signs that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week’s tanker attacks.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 33300. Now if price sustains on higher level then it will test next resistance level of 33450. On other side 32900 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 37500. Now if price sustains on higher level then it will test next resistance level of 37850. On other side 37000 will be major support level.

CRUDE

Crude oil showed sideways to bullish movement and found the major resistance level of 3800. Now if price sustains on higher level then it will test next resistance level of 3880. On other side 3580 will be major support level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 418. Now if price sustains on higher level then it will test next resistance level of 423. On other side 408 will be major support level.

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