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GOLD

Gold prices opened with a downward gap in the last sessio. However prices managed to recover and rallied all the way up till 60559 level on the daily chart it is trading above 20 and 60 EMA and RSI is also above its reference line which indicate that momentum is strong on the upside. Traders can Buy Gold on dips around 60300 for intraday basis.

BUY GOLD AROUND 60300 SL BELOW 60100 TGT 60550/60700

CRUDE OIL

Crude oil pries opened with a downward gap in the last session. The selling pressure continued and prices ended lower by more than 2 percent. Prices settled around 6978 level. It closed below 60 and 20 EMA and RSI is also below its refernce line which indicate that trend is strong on the downside. Traders can Sell Crude oil on rallies around 7100 for the target of 7000 on intraday basis.

SELL CRUDE OIL 7100 SL ABOVE 7160 TGT 7000

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