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Gold

Gold prices traded volatile in the last session but managed to close on a positive note round 56898 level. On the daily chart it has formed a hammer candlestick pattern near the strong support zone indcating reversal of the current downtren. Morever due to geopolitical tension between Israel and Hamas Gold will be again in favour by the investors because of its safe haven appeal. Traders can buy Gold around 57000 level for the target of 57200 on intraday basis. 

BUY GOLD AROUND 57000 SL BELOW 56900 TGT 57200/57400

Crude oil

Crude oil prices closed on a negative note after it broke the storng support zone of 7000 level in the last session. Prices ended lower by almost 1 percent and it closed near 1-month low i.e. 6880 level. However in the international market Crude oil prices jumped by 4 percent as Israel and Hamas conlfict extended into its third day whcih supported Crude oil prices. Traders can buy Crude oil around 7000 for the target of 7100 on intraday basis.

BUY CRUDE OIL AROUND 7000 SL BELOW 6940 TGT 7100/7200