Gold Crude oil Trend And MCX Tips Today

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MCX Gold Trend Today :- In today’s session gold is exoecting to trade rangebound with bearish tone on the back of weak global markets along with strength in the DX. Also, market participants are awaiting decision by the US Federal Reserve on further stimulus measures to be announced in the later part of the evening today. MCX October gold futures may open today's session near Rs. 30860 levels with resistance near Rs. 30900 and Rs. 30940 levels. Yesterday, it closed lower by Rs. 10 (0.03%) at Rs. 30,837 per ten grams. Prices rose to a high of Rs. 30,870 per 10 grams and fell to a low of Rs. 30,756 per 10 grams during the day's trading. 

MCX Crude oil Trend And Updates :- crude oil prices expecting to trade with bearish tone taking cues from weak global market sentiments along with strength in the DX. Additionally, operations in the refineries to resume shortly after the Hurricane Isaac passed over from the Gulf of Mexico region adding further downside pressure to the crude oil prices.MCX September crude futures may open today's session near Rs. 5285 with resistance near Rs. 5310 and Rs. 5340 levels. 

MCX Tips Today :- Silver (Dec) Sell Around 58900 for target of 58600 /58300 with stop loss of 59060 and with Sideways trend. 

MCX Lead (Aug) Sell Below 108.25 for target of 107 with stop loss of 109.1 and with Sideways trend. 

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