MCX Gold is likely to trade with positive bias during today’s 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.48000 levels whereas resistance is at Rs.48400- 48600 levels. Buying above 48400 is advised targeting Rs. 48600 – 48800 levels.
* MCX Silver is likely to trade sideways to positive bias during today’s trading session. Support is at Rs.64100 levels whereas resistance is at Rs.65100- 65500 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.6100 levels whereas resistance is at Rs.6240 – 6280 levels. Buying above 6240 is advised targeting Rs. 6280 – 6340 levels.
* MCX Copper is likely to trade sideways to negative bias during today’s trading session. Support is at Rs.729 levels whereas resistance is at Rs.744 – 750 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 48000 – 47800 level and resistance at 48400 – 48600. If price sustains above the immediate resistance level of 48400 level then it will provide further momentum towards 48600 – 48800 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
