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Home » Gold dipped as investors accumulating cash over rising coronavirus cases| Read today’s MCX levels.
Basemetal Crude & Natural Gas Full Mcx Gold & Silver

Gold dipped as investors accumulating cash over rising coronavirus cases| Read today’s MCX levels.

Daily MCX Levels

23rd March 2020

Gold no longer looking like safe haven for investors worldwide, as investors across the globe accumulating cash due to the rising number of coronavirus cases. Read today’s Gold Levels.

 Gold dipped on Monday as investors are accumulating cash due to rising coronavirus cases led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the pandemic’s economic damage. On the other hand, Crude traded lower too as epidemic causes a fall in crude oil demand.


No major economic data for the day.


MCX Commodities Technical Levels for the day

 


Gold (Apr)

Gold levels – It has its support at 39700 and Resistance at 41000.

Below 39700 could test 38400—38000++ or else it could test its resistance again.

Till then trade within the range and wait for the confirmation.

 

Silver (May)

Silver has its support is at 35700 and resistance is at 37100.

Below 35700 could test 34200—33800 or else it could test its resistance again.

Till then trade within the range and wait for the confirmation.



Crude Oil (April)

Crude oil has its support at 1740 and Resistance in 1830.

Below 1740 could test 1680—1650 or else it could test its resistance again.
Fresh buying will do on a close above 1830.

Traders can sell it on the rise!!

 

Natural Gas (March)

Natural gas has its immediate support at 117 and resistance at 122.

Below 117 could test 113—112 or else it could test its resistance again.

Till then trade within the range and wait for the confirmation.

 

Nickel (March)

Support at 828 and resistance at 845.

Below 828 could test 815—810 or else it could test its resistance level of 845 again.

Till then trade within the range and wait for the confirmation.

 

Copper (March)

Support at 352 and resistance at 362.

Break and sustain below 352 will take it to 342—340 or else it could test its resistance again.

Fresh buying will do on a close above 362.

Trade with the levels only.

 

 

Check out our today’s support and resistance table of MCX commodities.

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