MCX Gold Tips
Bullish expectation could be back on track only by concrete trades above 29970-30000 region, else could see a long liquidation moves towards 29790/700 or even lower towards 29640. Even in this scenario, break above 30000 region could lure buying pressure towards 30120/30300. Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 29707 The oscillator is showing BUY signal.
Intraday Trend- Buy is advised above 30235 with a stop at 29906 Below 29837 go for sell with a stop at 30165.
MCX Copper Tips
Inability to break 414.50 convincingly, prices could corrected lower and possibly find support at 411/408 regions. However, strong liquidation pressure are favored only below 407 with volume. Rallies above 414.80 will be an early signal of reversal of the present selling momentum. Currently Copper is in HOLD LONG position In short term Copper is in strong up trend so hold with stop at 406 The oscillator is showing BUY signal.
Intraday Trend- Buy is advised above 412 with a stop at 406 Below 404 go for sell with stop at 412.
