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GOLD

Gold prices edged higher in last session after prices broke the resistance zone of 51900 and closed around 52166 level. On hourly chart prices is trading above upper bollinger band indicating volatility on the upside and RSI is also above 60 level which indicate that momemtum is strong for prices. Traders can buy Gold around 51900 for the target of 52000 on intraday basis.

BUY GOLD AROUND 51900 SL BELOW 51800 TGT 52000/52100

CRUDE OIL

Crude oil prices edged lower in last trading session after prices broke the strong support zone of 7900 level and it closed around 7766 level. It closed below 20 and 60 days EMA and RSI is also below 60 level which indicate that momemtum is weak. Traders can sell Crude oil around 7900 for the target of 7850 on intraday basis.

SELL CRUDE OIL AROUND 7900 SL ABOVE 7950 TGT 7850/7700

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