Bullion Outlook- Gold Silver Updates, Base Metals Trading Tips & Trend, Support Resistance Levels For MCX Markets Today 30 August
The weak sentiments in the global markets would put the pressure on the downside for the bullion markets.Gold futures prices have seen a modest corrective measure followed from a reasonable upward revision of US Q2
GDP. At early morning trade, Gold has slipped further from the previous closing. With weak Euro silver too is expected to remain weak for the
day.
Today morning base metals are trading down by 0.1 to 0.32 percent at LME. For crude we may suggest to remain on selling side for the day. Copper, on MCX declined by 0.5
percent yesterday on the back of weak global market sentiments. On MCX, prices of copper declined by 0.6 percent and closed at
Rs.422.70/kg after touching an intra-day low of Rs.421.20/kg.
MCX Gold: Sell at 30800, Stop loss 30870, Target 30710.
MCX Silver: Sell at 57400, Stop loss 57650, Target 57150.
MCX Copper: Sell at 421.5, Stop loss 423, Target 419.5.
MCX Crude: Sell below 5300, Stop loss 5330, Target 5270.
MCX Gold: Sell at 30800, Stop loss 30870, Target 30710.
MCX Silver: Sell at 57400, Stop loss 57650, Target 57150.
MCX Copper: Sell at 421.5, Stop loss 423, Target 419.5.
MCX Crude: Sell below 5300, Stop loss 5330, Target 5270.
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