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GOLD

Gold prices edged lower in last trading session.On hourly chart price is trading below 9 and 20 days EMA and RSI is below 40 level indicating low momentum in prices. Prices broke the strong support zone of 47800 and edged lower and touched 47500 level on intraday basis. Any rally towards 47800 can be used for selling for the target of 47700 level on intraday basis.

SELL GOLD AROUND 47800 SL ABOVE 47900 TGT 47700/47600

CRUDE OIL

Crude oil prices traded volatile in last trading session. Prices closed on a flat note near 4260 level. However on hourly chart prices is facing strong selling pressure around 4270-4300 level and it is not able to breach that level in last few days. Traders can sell Crude oil around 4270 level for the target of 4240 level on intraday bassis

SELL CRUDE OIL AROUND 4270 SL ABOVE 4300 TGT 4240/4200

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