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Gold

MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 53150 level it would witness buying which would push the price towards 53400-53600 levels. Important support for the day is around 52900.

BUY GOLD ABOVE 53150 SL BELOW 53000 TGT 53400/53600

Crudeoil

MCX Crudeoil opened on a flat note and buying momentum throughout the session. The chart pattern suggests that if Crudeoil sustains above 7055 level it would witness buying which would push the price towards 7130-7200 levels. Important support for the day is around 6900.

BUY CRUDEOIL IN THE RANGE OF 7055-7045 SL BELOW 6990 TGT 7130/7200

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