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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 sustaines below 59550 level it would witness selling which would drag the price towards 5925-59100 levels.Important resistance for the day is placed at 59900.

SELL GOLD BELOW 59550 SL ABOVE 59750 TGT 59250/59100

Copper
MCX Copper opened with an upward gap and remianed in positive terrain throughout the day.The cchart pattern suggests that if Copper crosses and sustains above 705 level it would witness buying which would push the price towards 711-715 levels.Important support for the day is around697.

BUY COPPER ABOVE 705 SL BELOW 701 TGT 711/715

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