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Gold

MCX Gold price is trading inside the rising trend line channel by forming higher lows, price is expected to trade positively. Any breakout above 47000 would push the price higher towards 47250/47400 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a positive sign for the prices.

BUY GOLD ABOVE 47000 SL BELOW 46800 TGT 47250/47400

Copper

MCX Copper price has given a bullish breakout from strong resistance, price is expected to trade positively. Sustaining above 730 would push the price higher towards 736/740 levels intraday. The hourly momentum indicator RSI is trading at 67 it is forming higher highs which is a bullish sign for the prices.

BUY COPPER ABOVE 730 SL BELOW 725 TGT 736/740

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