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Upcoming MCX Market News And Free signals

 Market Outlook

MCX Gold showed strong bullish movement after a long time and also breached 30500 levels. For upcoming session if it maintains above 30500 then we will continue to suggest up trend up to next resistance level of 30800. MCX Crude oil was quite volatile today and price moves in a range. For next trading session if it breaks 5000 then bullish trend will remain continue and lower side it has strong support of 4850. MCX Copper gives strong upward side movement and test important resistance level of 430 and lower side it has major support level of 420.

Fundamental News

Gold prices trades higher in Asian trade as the dollar index backed off August 21 highs for yet another session, ahead of high-profile US employment and services data later today. Now markets await US employment data, with the private sector expected to have added 195 thousand new jobs in August.

 Crude Oil prices dropped on Thursday as emerging market turbulence weighed on sentiment, while a deadline neared for a potential new round of U.S. tariffs on another $200 billion of Chinese goods.

GOLD

Gold showed sideways to bullish movement and found the major resistance level of 30700. Now if price sustains on higher level then it will test next resistance level of 30778. On other side 30400 will be major support level.

SILVER

Silver showed sideways to bullish movement and found the major resistance level of 37445. Now if price sustains on higher level then it will test next resistance level of 37640. On other side 37086 will be major support level.

CRUDE

Crude oil showed sideways to bearish movement and found the major support level of 4828. Now if price sustains on lower level then it will test next support level of 4796. On other side 4972 will be major resistance level.

COPPER

Copper showed sideways to bullish movement and found the major resistance level of 429.40. Now if price sustains on higher level then it will test next resistance level of 433.20. On other side 420.40 will be major support level.

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