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GOLD

MCX Gold opened on a flat note and buying momentum throughout the session let it clase ear the day's high. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Gold continues to remain in an uptrend for the short term, so buying on dips continues i to be our preferred strategy.

BUY GOLD ABOVE 56600 SL BELOW 56400 TGT 56900/57100

COPPER

MCX Copper opened with a flat note and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Copper crosses and sustains above 779 level it would witness buying which pushes the price towards 785-790 levels. Important support for the day is around 772.

BUY GOLD ABOVE 779 SL BELOW 775 TGT 785/790

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