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GOLD

MCX Gold opened on a flat note and remained in a Small range throughout the day. The chart pattern suggests that if Gold crosses and sustains above 54200 level it would witness buying which would push the price towards 54500-54700 levels. Important support for the day is around 53900.

BUY GOLD ABOVE 54200 SL BELOW 54000 TGT 54500/54700

NATURAL GAS

MCX Naturalgas opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Naturalgas continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.

BUY NATURALGAS ABOVE 492 SL BELOW 484 TGT 502

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