The recent support in the rupee is likely to curb the upside movement of gold at about Rs 29,400 per 10 grams level this week even as it firmed up in the global markets due to the weakening of the US dollar. In MCX Copper chart suggest that prices are trading near a crucial support of 424 levels. MACD is in a buy mode and prices are trading above the short term averages. We recommend a buy around 424 levels with a stop loss placed below 418 levels for a target of 434 levels....
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