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.64100 - 63800 levels whereas resistance is at Rs.64700 - 65000 levels.
* MCX Silver is likely to trade with sideways to positive bias during today’s trading session. Support is at Rs.73000 - 72500 levels whereas resistance is at Rs.74000 - 74500 levels.
* MCX Crude Oil is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs. 6440 - 6340 levels whereas resistance is at Rs. 6620 - 6720 levels.
* MCX Copper is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.724 – 720 levels whereas resistance is at Rs.732 - 736 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 64100 - 63800 level and resistance at 64700 - 65000. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 64700 - 65000 levels on higher side.
Please refer disclaimer at https://www.mnclgroup.com/disclaimer
SEBI Registration Number : INZ000043833
