Since morning we have seen good buying in Gold and Silver from lower levels. Gold currently trading above 50400. Let’s see what are it upsides levels for today evening?
Major US Economic Data For Today
06:00 PM: Building Permits and Housing Starts
GOLD
Gold has support at 50250 and resistance 50500. Break and sustain below 50250 will take it to the next support level of 50100…50000 and sustainable trade above 50500 can see further upside move towards the next resistance level of 50650…50800
SILVER
Silver has support at 55700 while resistance at 56300. Sustainable trade below 55700 will take it to 55400…55100 very soon. If it breaks and sustain the resistance level of 56300 then will take it to 56600—57000 respectively.
COPPER
Copper has support at 623 and resistance at 630 Sustainable trade above 630 will see the upside move towards 633, 636 and if sustained below 623 can catch the downside move towards 620, 617 respectively.
ZINC
Zinc has support at 271 and resistance at 275 Break and sustained below 271 will see the downside move 269—267 and if sustained above 275 can see further upside towards 277…279 level.
ALUMINIUM
Aluminium has support at 208 and resistance at 212 Sustainable trade below 208 can see the downside move towards 206…204 and if sustains above 212 will take it to 214, 216 very soon.
NATURAL GAS
Natural Gas support has 585 and resistance 595. Sustainable trade above 595 can see more rally towards the next level of 600, 605 and if sustained below 585 then can move towards 580…575.
CRUDE OIL
Crude Oil has support at 8110 and resistance at 8200. Sustainable trade below 8110 can see more downside towards 7970…7940 and if sustained above 8200 will see the upside move towards 8240…8280 levels.
Trade safely with levels. More will update during the evening session! Follow our Telegram Channel for real-time market updates.
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