MCX TIPS


MCX WEEKLY TIPS WEEKLY(15 October to 20 october )


Weekly MCX Gold Tips and Trend :-Gold closed lower this week at $1753, erasing last week’s gain. This particular move marks a slowdown to the uptrend that has been in place since gold’s breakout through a bearish  trend line in late August. Immediate support poised at $1740 and $1721 and the long term uptrend support $1618, but we will be concerned, if gold will break $1721 level on a weekly basis. We recommend a sell around 31200 levels with a stop
loss placed above 31520 levels for target of 30700 levels.
Weekly MCX Copper Tips and Trend :- We recommend a sell around 434 levels with a stop loss placed above 440 levels for target of 423 levels.




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