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Gold

MCX Gold prices closed on a positive note in the last session. Prices opened with a upward gap and settled around 59466 level. On the daily chart prices closed above the previous session high. It has formed a large green candle and it is trading above 20 and 60 EMA and RSI is also above 60 level which indicate that momentum is strong on the upside. Traders can buy Gold on dips around 59200 for the target of 59400

BUY GOLD AROUND 59200 SL 59000 TGT 59400/59600

Crude Oil

Crude oil prices closed on a positive note in the last session. Prices settled around 6732 level.On the daily chart it closed above 20 and 9 EMA and RSI is also above its reference line which indicate that momentum is strong for prices on the upside. Buy on dips is recommended in Crude oil as long as 6600 level is intact on the downside.

BUY CRUDE OIL AROUND 6680 SL BELOW 6630 TGT 6740/6800

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