GOLD prices traded with positive bias during the last trading session and it was trading above upward slopping trend line - Monarch Networth Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY TECHNICAL OUTLOOK
MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.53000 - 52700 levels whereas resistance is at Rs.54200- 54500 levels.
MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.69200 - 68700 levels whereas resistance is at Rs.71200 - 71800 levels
MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.8820 - 8650 levels whereas resistance is at Rs. 9820 - 10000 levels.
MCX Copper is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.830 - 815 levels whereas resistance is at Rs.860 - 875 levels.
CHART OF THE DAY
Strategy: Intraday
GOLD prices traded with positive bias during the last trading session and it was trading above upward slopping trend line
For Intraday session immediate support is at 53000 - 52700 level and resistance at 54200 - 54500. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 54200 - 54500 levels on 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
