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Gold

MCX Gold price is trading near the support of the consolidation range,Price is expected to trade negatively.Sustaining below 46750 would drag the price lower towards 46500/46400 levels intraday. The price has been trading below 9,21&60 hourly EMA which is a bearish sign for the prices.

SELL GOLD BELOW 46750 SL ABOVE 46900 TGT 46500/46400

Copper

MCX Copper price has given a bullish breakout from descending triangle pattern, price is expected to trade positively. Sustaining above 720would push the price higher towards 726/730 levels intraday. The momentum indicator RSI is trading at 62 and it is forming a higher high which is a positive sign for the prices.

BUY COPPER ABOVE 720 SL BELOW 715 TGT 726/730

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