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Gold

MCX Gold price has given a bullish breakout from falling trend line, price is expected to trade positively. Sustaining above 48300 would push the price higher towards 48550/48700 levels intraday. The momentum indicator RSI is trading at 66 and it is forming higher highs which is a positive sign for the prices.

BUY GOLD ABOVE 48300 SL BELOW 48150 TGT 48550/48700

Copper

MCX Copper price is trading inside the pennant pattern, price is expected to trade positively. Any breakout above 760 would push the price higher towards 766/770 levels intraday. The price has been trading above 60&100 EMA which shows bullishness in the prices.

BUY COPPER ABOVE 760 SL BELOW 756 TGT 766/770

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