MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.50600 - 50400 levels - Monarch Networth Capital
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COMMODITY TECHNICAL OUTLOOK
* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.50600 - 50400 levels whereas resistance is at Rs.50900 - 51100 levels.
* MCX Silver is likely to trade with positive bias during today’s trading session. Support is at Rs.54400 - 54000 levels whereas resistance is at Rs.55200 - 55600 levels.
* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs.7700 - 7630 levels whereas resistance is at Rs. 7950 - 8050 levels.
* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.634 - 628 levels whereas resistance is at Rs.643 - 649 levels.
Strategy: Intraday
* COPPER prices traded with positive bias during the last trading session; and prices are trading above upward slopping trend line.
* For Intraday session immediate support is at 634 - 628 level and resistance at 643 - 649. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 643 - 649 levels on higher side.
GBPINR (DAILY CHART)
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