GOLD prices traded with positive bias during last trading session - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.47800 levels whereas resistance is at Rs.48200- 48400 levels. Buying above 48200 is advised targeting Rs. 48400 – 48600 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.64400 levels whereas resistance is at Rs.65200- 65600 levels. Buying above 65200 is advised targeting Rs. 65600 – 66000 levels.
* MCX Crude Oil is likely to trade sideways to with negative bias during today’s trading session. Support is at Rs.6020 levels whereas resistance is at Rs.6100 – 6140 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.732 levels whereas resistance is at Rs.744 – 750 levels. Buying above 744 is advised targeting Rs. 750 – 754 levels.
CHART OF THE DAY
Strategy: Intraday
* GOLD prices traded with positive bias during last trading session
* It was closed above upward sloping trend line in intraday trading session.
* For Intraday session immediate support is at 47800 – 47600 level and resistance at 48200 – 48400. If price sustains above the immediate resistance level of 48200 level then it will provide further momentum towards 48400 – 48600 levels on the higher side.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
