04-10-2023 09:00 AM | Source: Monarch Networth Capital
MCX Gold is likely to trade with negative bias during today`s trading session. Support is at Rs.56600 - 56400 levels - 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 negative bias during today’s trading session. Support is at Rs.56600 - 56400 levels whereas resistance is at Rs.57300 - 57500 levels.

*  MCX Silver is likely to trade with negative bias during today’s trading session. Support is at Rs.68300 - 67800 levels whereas resistance is at Rs.69300 - 69800 levels.

*MCX Crude Oil is likely to trade with negative bias during today’s trading session. Support is at Rs.7320 - 7220 levels whereas resistance is at Rs. 7520 - 7520 levels.

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.700 – 696 levels whereas resistance is at Rs.709 - 713 levels. 


CHART OF THE DAY:

MCX-GOLD (DAILY CHART) 



Strategy: Intraday

* GOLD prices traded with negative bias during the last trading session; and prices are trading below upward trend line.

* For Intraday session immediate support is at 56600 - 56400 level and resistance at 57300 - 57500. Any pullback towards resistance level should be taken as selling opportunity targeting immediate support of 56600 - 56400 levels on lower side.


Please refer disclaimer at https://www.mnclgroup.com/disclaimer

SEBI Registration Number : INZ000043833.

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer