Gold and Other Major MCX Commodities Technical Support and Resistance Levels for Today.
Major US Economic Data for Today
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Gold has support at 50550 and resistance at 50900. Break and sustain below 50550 will take it to the next support level of 50400…50250 and sustainable trade above 50900 can see further upside move towards the next resistance level of 51050…51200
Silver has support at 60700 while resistance at 61300. Sustainable trade below 60700 will take it to 60500…60300 very soon. If it breaks and sustains the resistance level of 61300 then will take it to 61600—61800, respectively.
Copper has support at 739 and resistance at 745 Sustainable trade above 745 will see the upside move towards 748, 750 and if sustained below 739 can catch the downside move towards 736, 733 respectively.
Zinc has support at 315 and resistance at 320 Break and sustains below 315 will see the downside move 313—311 and if sustained above 320 can see further upside towards 322…324 level.
Aluminum has support at 214 and resistance at 218 Sustainable trade below 214 can see the downside move towards 212…210 and if sustains above 218 will take it to 220, 222 very soon.
Natural Gas support has 518 and resistance 528. Sustainable trade above 528 can see more rally towards the next level of 532, 538 and if sustained below 518 then can move towards 514…510.
Crude Oil has support at 8600 and resistance at 8680. Sustainable trade below 8600 can see more downside towards 8560…8520 and if sustained above 8680 will see the upside move towards 8720…8760 levels.
Trade safely with levels. More will update in the evening session on our Telegram Channel and to our WhatsApp followers.
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