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Market Outlook MCX Gold has formed a small green candle on the daily chart after a bearish candlestick pattern, which means that the weakness may continue.On the lower end, support is visible at 40400/40300. On the higher end, price has resistance at 40550/40620. MCX Crude has formed a green candle after a harami candle on[…]

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Market Outlook MCX Gold price on the hourly chart price has moved above previous swing high, which is a positive set up. The momentum indicator RSI is in a positive crossover and rising. On Crude oil price trades higher as Russia decided to cut production to accommodate the fall in demand due to coronavirus outbreak.[…]

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Market Outlook MCX Gold price has given a breakout of its horizontal trend line at 39,900 levels on the hourly chart.MCX Gold is looking bullish with a potential to reach 41000. MCX Crude Oil price continue its bearish trend. Technically, it is traded below 8 days EMA which supports bearish view. One can expect downside[…]

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Market Outlook  MCX Gold remained on positive side after strong closing of previous session and tested 40000 mark which is now seen as crucial level playing as resistance for the bullion. If it sustains above it then 40200 is seen as next resistance whereas major support from current levels is seen near 39800. MCX Crude[…]

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Market Outlook  MCX Gold opened gap down and sustained below the crucial support of 39500. However, any closing above the mentioned mark may pull the bullion towards the resistance range of 39800-39900 whereas 39100 might continue to act as strong support from current levels. MCX Crude showed sideways movement finding key support around 4100 mark[…]

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Market Outlook MCX Gold showed bullish breakouts above the important resistance levels of 41000 on back of US-Iran tensions although didn’t sustained above it during the session. If the bullion sustains above 41000 mark then it may reach towards further record highs whereas 40000 is now recognized as the near support. MCX Crude opened on[…]

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Market Outlook MCX Gold closed on bullish note in the previous session which was continued towards the near resistance of 39100. But today gold trade in bearish note if it sustains lower level than it may take support near 38970. MCX Crude showed some sideways moves but with positive bias. Strength will happen to continue[…]

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  Market Outlook MCX Gold after opening on a flat note showed a continuous upside rally facing strong resisatnce near 38000 ahead. It is expected to fall from such levels and on lower side, support is seen in range of 37700-37500.   MCX Crude witnessed bullish rally since last three consecutive sessions and is able to[…]

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Market Outlook MCX Gold sustained at higher levels after the bulls so seen in the previous session. Bullion surpassed the immediate resistance of 37700 and sustaining above it may pull it towards the key resistance of 38000 whereas on lower levels, 37470 is seen as strong supporton daily charts. MCX Crude has been showing range[…]

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Market Outlook Against the US dollar, the Indian rupee opened weak at 71.3875 after the US Federal Reserve cut its benchmark interest rate. In line with market expectation; the Federal Open Market Committee lowered the policy interest rate by 25 basis points to a target range of 1.75 to 2.0 per cent. Investors turned cautious[…]

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Market Outlook Against US dollar, the Indian Rupee appreciated by 12 paise to open at 72.4500, amid weakening of the American currency in overseas market.  However, rising crude oil prices and foreign fund outflows weighed on local currency. The U.S. dollar eased as weak U.S. manufacturing data bolstered bets on more aggressive policy easing by[…]

Generate Huge Profit with Currency Trading Tips | 18 Feb 2019

Market Outlook Against the US dollar, the Indian rupee opened weak by 10 paise at 71.3200 following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. On the other hand, dollar was edging higher against major Asian peers after weak Chinese inflation data overnight reinforced concerns about global[…]