MCX Gold price has formed resistance near 50% retracement level, price is expected to trade negatively. Sustaining below 52500 next leg of correction would drag down price lower towards 52200/52100 levels in intraday. On the hourly chart price has been trading below 60EMA which is a bearish sign for prices.
SELL GOLD IN THE RANGE OF 52500- 52480 SL ABOVE 52700 TGT 52200/52100
MCX Crude oil price has broken trend line support, price is expected to| trade negatively. Sustaining below 3150 next leg of correction would drag down the price lower towards 3080/3050 levels in intraday. The momentum indicator RSI is trading at 28 it shows bearishness in prices.
SELL CRUDE OIL IN THE RANGE OF 3140-3150 SL ABOVE 3200 TGT 3080/3050
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