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Gold

MCX Gold price is trading inside the rising trend line channel, price is expected to trade positively. Sustaining above 47300 would push the price higher towards 47550/47650 in intraday. The price has been trading above 9,21&60 hourly intraday which is a positive for prices. 

BUY GOLD ABOVE 47300 SL BELOW 47150 TGT 47550/47650

Copper

MCX Copper is forming support near the trend line channel, price is expected to trade positively. Any breakout above 742 would push the price higher towards 747/752 in intraday. The price has been trading above 60&100 EMA which is the positive for the prices.

BUY COPPER ABOVE 742 SL BELOW 738 TGT 747/752

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