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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 72300 level it would witness selling which would drag the price towards 72000-71700 levels. Important resistance for the day is placed at 73000.

SELL GOLD BELOW 72300 SL ABOVE 72500 TGT 72000/71700

Copper

MCX Copper opened on a flat note and buying momentum throughout the session let it trade near the day's high. The chart pattern suggests that if Copper crosses and sustains above 842 level it would witness buying which would push the price towards 847-851 levels. Important support for the day is around 830.

BUY COPPER ABOVE 842 SL. BELOW 838 TGT 847/851

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