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Gold

MCX Gold opened with a downward gap and traded with extreme volatility on either side and gained bullish momentum. 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 sh buvi di L saso0 e short term, so buying on dips continues to be our preferred . 

BUY GOLD OCT IN THE RANGE PF 52350-52300 SL BELOW 52100 TGT 52650/5300

Copper

MCX Copper opened with a downward gap but witnessed buying in the second half of the session which pushed prices to day's high. The chart pattern suggests that if Copper crosses and sustains above 666 level it would witness buying which would lead the It towards 674-680 levels. Important support for the day is around 660.

BUY COPPER ABOVE 666 SL BELOW 660 TGT 674/680

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