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GOLD

MCX Gold price has given negative breakout from ascending trian  on g triangle pattern, price is expected to trade negatively. Sustaining below 46800 would drag the price lower towards 46550/46400 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.

SELL GOLD BELOW 46800 SL ABOVE 47000 TGT 46550/46400

CRUDE OIL

MCX Crude oil price has given bearish rising wedge breakout, price is expected to trade negatively. Sustaining below 5400 would drag the price lower towards 5330/5300 levels intraday. The momentum indicator RSI is trading at 47 and it is forming lower lows which is bearish sign for the prices.

SELL CRUDE OIL BELOW 5400 SL ABOVE 5450 TGT 5330/5300

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