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Gold

Gold prices closed in red in the last session. On the daily chart prices settled around 59080 and was down by than 161 points. On the daily chart prices is stuck in a range between 59000 and 59600 level. However it is comfortably placed above 20 and 60 EMA which is a positive sign for prices. Buy on dips is recommended as long as 58800 level is intact on the lower side.

BUY GOLD AROUND 59000 SL BELOW 58800 TGT 59200/59500

Crude Oil

Crude oil prices carried its positive momentum in the last session and closed around 7305 level. Prices was by 1.36 percent and touched multi week high. On the daily chart it is exhibiting higher high and higher low and it is above 20 and 60 EMA which indicate that the current trend is strong for prices. Traders can buy Crude oil on dips around 7220 for the target of 7300 on intraday basis

BUY CRUDE OIL AROUND 7220 SL BELOW 7150 TGT 7300/7350

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