Bullions looks weak while metals are waiting for the move...

DAILY MCX BULLETIN ON 23 MAR 2022 Bullions again closed on a weak note... Gold - Gold unable to sustain above its resistance and fall sharply in the last week. Now Gold has near support around 51000 and crucial resistance around 51800. Break below 51000 will test 50800-50600 levels in upcoming session. Fresh positive move will expect on close above 51800 levels till 52100 and more and more upside will expect above 53100 levels. Silver - Silver again closed on a negative note in the last trading session. Now Silver has major support around 67000 and upside resistance around 69000 levels. Break and sustain below 67000 will test 66600-66000 levels in upcoming sessions. Major weakness will expect on close below 66000 till 65000 levels. Metals unable to sustain in positive zone… Aluminium - Aluminium has given a slightly upside move in the last trading session. Now Aluminium has near support around 278 and upside resistance around 284. Break and sustain above 284 will test 286-288 levels for the day. Copper - Copper breached its resistance but unable to hold its momentum in the last trading session. Now Copper has near support around 808 and upside resistance around 820. Break and sustain above 820 will see positive move till 828-835 levels in upcoming sessions. If sustain below 808 then we will expect more downside move till 804-800 levels. Zinc - Zinc has given a sideways move and trading around resistance zone in the last trading session. Now Zinc has next resistance around 330 and next support around 322 levels. Fresh upside move will expect on close above 330 levels till 333-335 levels in upcoming sessions. Bulls again in commanding position in Energy segment... Natural Gas - Natural Gas has given a positive move in the last trading session. Now Natural Gas has near support around 380 and upside resistance around 395. Break and sustain above 395 will test 400+ levels in upcoming sessions. Fresh weakness will come on a close below 380 levels. Crude Oil - Crude Oil again closed in a green in the last trading session. Now Crude Oil has major support around 8200 and near resistance around 8555 levels. Break and sustain above 8555 will test 8650-8700 levels in upcoming sessions. Daily Top Pick Sell Gold on rise around 51600. Stop loss above 51850. Target-51350-51200. *T&C Apply...