Gold MCX reversed earlier losses on Friday as the dollar fell after weaker-than-expected U.S. data, but prices remained on course for their biggest monthly decline in more than two years on expectations the Federal Reserve will soon raise interest rates.
We expect gold prices to trade negative on the back of U.S. interest rate outlook.
We expect silver prices to trade sideways.
Where as For the next week we expect MCX Crude oil prices to find support in the range of 2,950 – 2,960 levels. Trading consistently below 2,950 levels would lead towards the strong support at 2,870 levels and then finally towards the major support at 2,800 levels.
Best Commodity Tips :
Mcx Gold Intraday Call – SELL Gold OCT at Price 24966 – 24975 (CMP), with stoploss set to 25011 and TARGET 24900 – 24860
Mcx Silver Free Call – SELL Silver Sep at CMP – 33890. With stoploss set Above 34190. for Target 33500 – 33200
MCX LIVE Chart:
GOLD MCX
We expect gold prices to trade negative on the back of U.S. interest rate outlook.
We expect silver prices to trade sideways.
Where as For the next week we expect MCX Crude oil prices to find support in the range of 2,950 – 2,960 levels. Trading consistently below 2,950 levels would lead towards the strong support at 2,870 levels and then finally towards the major support at 2,800 levels.
Best Commodity Tips :
Mcx Gold Intraday Call – SELL Gold OCT at Price 24966 – 24975 (CMP), with stoploss set to 25011 and TARGET 24900 – 24860
Mcx Silver Free Call – SELL Silver Sep at CMP – 33890. With stoploss set Above 34190. for Target 33500 – 33200
MCX LIVE Chart:
GOLD MCX
SILVER MCX
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