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Gold

MCX Gold price is trading near the resistance of the consolidation range, price is expected to trade positively. Any breakout above 51900 would push the price higher towards 52200/52300 levels intraday. The price as started trading above 9,21&60 hourly EMA which is a bullishness in the prices.

BUY GOLD ABOVE 51900 SL BELOW 51700 TGT 52200/52300

Silver

MCX Silver price is trading near the resistance of falling trend line, price is expected to trade positively . Sustaining above 66550 would push the price higher towards 67100/67800 levels intraday. The hourly momentum indicator RSI is trading at 65 and it is forming higher highs which is a bullishness in the prices .

BUY SILVER MAY IN THE RANGE OF 66550-66450 SL BELOW 66100 TGT 67100/67800

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