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Gold

MCX Gold price is trading near the strong support level, price is expected to trade negatively. Any breakdown below 45900 would drag the price lower towards 45650/45500 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.

SELL GOLD BELOW 45900 SL ABOVE 46100 TGT 45650/45500

Natural Gas

MCX Natural gas price has given a bullish breakout from falling trend line channel, price is expected to trade positively. Sustaining above 377 would push the price higher towards 383/386 levels intraday. The momentum indicator RSI is trading at 65 and it is forming higher highs which is a bullish sign for the prices.

BUY NATURAL GAS ABOVE 377 SL BELOW 373 TGT 383/386

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