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GOLD

MCX Gold price has formed strong support near 48600 and failing to break, price is expected to trade positively. Any breakout above 48800 would push the price higher towards 49100/49200 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullishness in the prices.

BUY GOLD ABOVE 48800 SL BELOW 48550 TGT 49100/49200

Crude Oil

MCX Crude oil price is trading inside the symmetrical triangle pattern, Price is expected to trade positively. Sustaining above 6805 would push the price higher towards 6885/6920 levels intraday. The price has started trading above 100 hourly EMA which is a bullishness in the prices.

BUY CRUDE OIL IN THE RANGE OF 6805-6795 SL BELOW 6740 TGT 6885/6920

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