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Gold

MCX Gold opened with a downward gap and trading with volatility on either side.The chart pattern suggests that if Gold crosses and sustains above 58800 level it would witness buying which would push the price towards 59100-59400 levels. Important support for the day is around 58500.

BUY GOLD ABOVE 583800 SL BELOW 58600 TGT 59100/59400

Copper

MCX Copper opened sharply lower with a downward gap and selling pressure throught the session the chart pattern suggest that if copper crosess and sustains above 722 level it would witness buying which would push the price towards 727-732 levels. Important support for the day is around 716.

BUY COPPER ABOVE 722 SL BELOW 718 TGT 727/732

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