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Gold

MCX Gold opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Gold breaks and sustains below 72200 level it would witness selling which would drag the price towards 71800-71600 levels. Important resistance for the day is placed at 73000.
SELL GOLD BELOW 72200 SL ABOVE 72500 TGT 71800/71600

Copper

MCX Copper opened on a flat note and buying momentum throughout the session let it trade near the day's high. The price is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend. Copper continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 843 SL. BELOW 838 TGT 849/853

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