MCX Gold Trend with Levels : Copper Updates and Tips

MCX Gold Trend For Today :-

In Indian commodity market, MCX precious metals are trading on flat to positive note. MCX Gold opens on a positive note but technical charts are suggesting sideways trend.

MCX Gold has opened at the level of 29860. For now, it can make a high around 29973  and low around 29860. As its open price and low level are same, it can boost up in today's trading session.

Technically if we talk about support and resistance levels then, first resistance level is marked near 30000 and second resistance level is around 30255. On the other hand, first support can be seen near 29660 and second support level is at 29510.

MCX Copper Recommendations :- 

Sell copper below 457.80 stoploss 459.80 target 456,455,454.

MCX SIlver Updates- silver Likley to trade with positive bias

Silver Commodity likely to trade with positive bias above 52000 Mark only. Till then the uncertainty and ups and downs in this precious commodity might continue to take place. A trade above 52100 with healthy volume can lead Silver to touch 54000 mark while a breakthrough above 54200 will be required to sustain this up-trend which can target 55000-56000 levels later.
While inability to trade above 51100 might drag silver to 50500-50000 and even 49800 levels later.