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GOLD

MCX Gold price is trading near strong resistance, price is expected to trade positively. Any breakout above 48100 next leg of the rally would push the price higher towards 48400/48500 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.

BUY GOLD ABOVE 48100 SL BELOW 47900 TGT 48400/48500

NICKEL

MCX Nickel price is trading under a symmetrical triangle pattern, price remains to trade positively. Any breakout above 1341 next leg of the rally would push the price higher towards 1354/1360 levels in intraday. The price has started trading above 21,60&100 hourly EMA which is a bullish sign for the prices.

BUY NICKEL ABOVE 1341 SL BELOW 1333 TGT 1354/1360

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