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Gold

MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session dragged it to trade near the day's low.The chart pattern suggests that if Gold breaks and sustains below 60600 level it would 60300-60100 witness selling which would drag the price towards levels. Important resistance for the day is placed at 60900.

SELL GOLD BELOW 60600 SL ABOVE 60800 TGT 60300/60100

Copper

MCX Copper opened on a flat note and witnessed selling for most part of the session. The chart pattern suggests that if Copper breaks and sustains below 725 level it would witness selling which would drag the price towards 720-716 levels. Important resistance for the day is placed at 732.

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