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Gold

MCX Gold price has seen a strong pullback after corrections, price is expected to trade positively. Any breakout above 47700 would push the price higher towards 48000/48100 levels intraday. The momentum indicator RSI is trading at 34 and it is forming higher highs which is a bullishness in the prices.

BUY GOLD ABOVE 47700 SL BELOW 47500 TGT 48000/48100

Silver

MCX Silver price is trading near the resistance of the falling line, price is expected to trade positively. Any breakout above 64300 would push the price higher towards 65000/65400 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullishness in the prices.

BUY SILVER ABOVE 64300 SL BELOW 63800 TGT 65000/65400

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