Powered by: Motilal Oswal
11-03-2024 08:59 AM | Source: Monarch Networth Capital Ltd
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

COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with positive bias during today’s trading session. Support is at Rs.65800 -  65600 levels whereas resistance is at Rs.66200 - 66400 levels. 

* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.73700 - 73200 levels whereas resistance is at Rs.74700 - 75200 levels. 

* MCX Crude Oil is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs. 6360 - 6260 levels whereas resistance is at Rs. 6560 - 6660 levels. 

* MCX Copper is likely to trade with negative bias during today’s trading session. Support is at Rs.727 – 722 levels whereas resistance is at Rs.736 - 739 levels.

CHART OF THE DAY

MCX-GOLD (DAILY CHART)

 

Strategy: Intraday

* Gold prices traded with positive bias during the last trading session; and prices are trading above downward trend line. 

* For Intraday session immediate support is at 65800 - 65600 level and resistance at 66200 - 66400. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 66200 - 66400 levels on higher 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