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GOLD

Gold prices edged lower in the morning sesssion as prices has given a gap down opening. Presently prices is trading around the strong support zone near 47300. We expect Gold prices to bounce back from the mentioned level as there is a support of 40 zone on RSI as well. Traders can buy Gold around 47300 for the target of 47400 on intraday basis.

BUY GOLD AROUND 47300 SL BELOW 47200 TGT 47400/47600

CRUDE OIL

Crude oil prices edged higher in today session after it broke the strong resistance zone of 5150 and touched 5180 level on intraday basis. Overall trend is looking positive for pirces as it is tradign above 9 and 20 days EMA and RSI is also nearing 60 level mark. Traders can buy Crude oil around 5150 for the target of 5180 level on intraday basis.

BUY CRUDE OIL AROUND 5150 SL BELOW 5120 TGT 5180/5210

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