MCX Commodity Trading Tips & Levels: Gold Updates, Copper Tips

MCX Bullion Outlook, Live Charts, Gold Silver Tips, Copper Zinc Trend, Nickel, Lead Aluminum Trading Strategy, Crude Oil Natural Gas Updates for Today 1 August:

Gold Updates: Gold futures prices are underpinned by the awaited outcome of two day Fed-meeting. Gold declined, ending a four-session rally, as consumer confidence rose for the first time in five months Gold is expected to remain pretty volatile as the rally was presumed on Fed stimulus. Go short for the metal. Gold prices may witness profit booking to the tune of 30030  - 30000, one can buy on dips with a stop loss below 29900.

1. Gold MCX Aug: Sup2-30120 Sup1-30195 Res1-30263 Res2-30323
2. Copper MCX Aug: Sup2-419.6 Sup1-421.0 Res1-424.1 Res2-425.5
3. Silver MCX Jul: Sup2-53761 Sup1-53863 Res1-54157 Res2-54320
4. Crude Oil MCX Aug: Sup2-4859 Sup1-4889 Res1-4976 Res2-5024
5. Natural Gas MCX Aug: Sup2-174 Sup1-176 Res1-180 Res2-183

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