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Gold

MCX Gold price has given negative breakout from rising trend line, price is expected to trade negatively. Any breakdown below 47600 would drag down the price lower towards 47350/47200 levels intraday. The momentum indicator RSI is trading at 48 and it is forming lower lows which is a bearish sign for the prices.

Sell Gold Below 47600 SL Above 47800 TGT 47350/47200

Nickel

MCX Nickel price has given consolidation breakout, price is expected to trade positively. Sustaining above 1403 would push the price higher towards 1417/1422 level in intraday. The Price Has Started Trading above 9,21760 hourly EMA which is a bullish sign for the prices.

Buy Nickel Above 1403 SL Below 1393 TGT 1417/1422

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