MCX Bullion Updates, Gold Silver Crude Copper Nickel Intraday Tips, Commodity Trading Levels, Zinc Aluminum Natural Gas Trend for Today 16 August:
Gold Updates And Copper Intraday Tips : Gold Demand in the Q2 globally fell by 7% from 1,065.8 tons as a result of declines in the world’s two largest consuming nations of China and India. Gold futures edged higher on Wednesday, gaining for the first time this week as traders bet that U.S. economic data would continue to disappoint. Gold prices are expected to trade within a range from 29900 – 30200. : Copper prices retreated Wednesday on weaker manufacturing data from the U.S. and pressure from a stronger dollar. Copper prices are likely to witness selling pressure below around 416 – 417.
Gold Updates And Copper Intraday Tips : Gold Demand in the Q2 globally fell by 7% from 1,065.8 tons as a result of declines in the world’s two largest consuming nations of China and India. Gold futures edged higher on Wednesday, gaining for the first time this week as traders bet that U.S. economic data would continue to disappoint. Gold prices are expected to trade within a range from 29900 – 30200. : Copper prices retreated Wednesday on weaker manufacturing data from the U.S. and pressure from a stronger dollar. Copper prices are likely to witness selling pressure below around 416 – 417.
- MCX Gold Oct : Buy around 30050 with a stop loss 30000 for target 30150
- MCX Silver Sept : Buy around 53500 with a stop loss 53300 for target 53800
- MCX Copper Aug : Sell around 414 with a stop loss 416 for target 411
- MCX Crude : Buy around 5250 with a stop loss 5090 for target 5330
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