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Today’s Profitable Prediction of Mcx Market

Market Outlook

MCX Gold price continues to rise to gradually approach the key resistance 30100, that breaking 29550 will ease the mission of heading towards our main waited target at 29150. Oil price continues to fluctuate around 4630 level and the price falls under continuous negative pressure, Copper price could not manage to achieve new negative target to consolidate above 418 level, which confirms postponing the negative attack for the near term trading to repeat the sideways fluctuation between 430 resistance and the current support.

Fundamental News

On Monday gold prices edged up on a softer dollar. Meanwhile, U.S. President Donald Trump’s criticism on the Fed and global monetary policy over the weekend also helped push the yellow metal’s prices higher. On Monday crude Oil prices fell as finance ministers and central bank governors from the G20 warned recent trade and geopolitical tensions could harm global growth.

GOLD

Gold showed sideways to bearish movement and found the major support level of 29733. Now if price sustains on lower level then it will test next support level of 29638. On other side 29984 will be major resistance level.

SILVER

Silver showed sideways to bearish movement and found the major support level of 38513. Now if price sustains on lower level then it will test next support level of 37873. On other side 38556 will be major resistance level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4666. Now if price sustains on lower level then it will test next support level of 4610. On other side 4790 will be major resistance level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 424. Now if price sustains on higher level then it will test next resistance level of 430. On other side 418.75 will be major support level.

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