Gold, Silver And Other Major MCX Commodities Technical Levels For Evening Session
Major US Economic Data For Today
06:00 PM: Core Retail Sales m/m and Retail Sales m/m
11:30 PM: Fed Chair Powell Speaks
Volatility is expected in the evening session especially in Bullion Counter so stay cautious with positions.
GOLD
Gold has support at 50200 and resistance at 50600. Break and sustain below 50200 will take it to the next support level of 50050…49900 and sustainable trade above 50600 can see further upside move towards the next resistance level of 50750…50900.
SILVER
Silver has support at 61000 while resistance at 61700. Sustainable trade below 61000 will take it to 60700…60400 very soon. If it breaks and sustains the resistance level of 61700 then will take it to 62000—62300, respectively.
COPPER
COPPER
Copper has support at 764 and resistance at 770 Sustainable trade above 770 will see the upside move towards 773, 776 and if sustained below 764 can catch the downside move towards 761, 758 respectively.
ZINC
Zinc has support at 314 and resistance at 319 Break and sustain below 314 will see the downside move 312—310 and if sustained above 319 can see further upside towards 321…323 level.
ALUMINIUM
Aluminium has support at 236 and resistance at 240 Sustainable trade below 236 can see the downside move towards 234…232 and if sustains above 240 will take it to 242, 244 very soon.
NATURAL GAS
Natural Gas support has 625 and resistance 635. Sustainable trade above 635 can see more rally towards the next level of 640, 645 and if sustained below 625 then can move towards 620…615.
CRUDE OIL
Crude Oil has support at 8880 and resistance at 8970. Sustainable trade below 8880 can see more downside towards 8840…8800 and if sustained above 8970 will see the upside move towards 9010…9050 levels.
Trade safely more will update in the evening session.
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