MCX Gold Tips:
Gold concluded the last week almost unchanged at $1667, creating a Doji in the candle stick chart. The latest bullion updates are Gold and silver both are trading on a nagetive trend today. In International market Gold prices fell as expected below $1667 and today also prices are expected to have resistance at $1662 So that a selling trend emerge at 30550 level on MCX and profit booking can be seen at 30400 level.
For Today MCX Gold Tips is to sell on Higher level to get 30450 level as its Target.
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Copper prices are showing negative diversion on our technical reports so a correction is expected in evening session. Copper prices expected to have resistance around 447.5 and prices can dip to Rs.445.0. Prices should not move above Rs.449 to maintain correction view otherwise further rally can be witnessed till Rs.451.5. The latest trend and updates suggest a down trend for copper. We suggest a sell in MCX Copper as Today’s Commodity Tips on higher levels.