Avoid fresh buying in Gold, says Nirmal Bang

Gold prices as expected tested 30200 -30250 zone on higher end and witnessed profit booking, we can witness price to test 30000 29950 on lower end. Unless price close above 30250 we recommend not to enter into fresh long.

Silver prices expected to witness a range bound move from 52800 to 53800.one trade within the range with a positive bias, fresh buying recommended above 54000 on closing basis.

Copper prices are likely to witness more selling pressure below 409. One can sell on rise till 412 with a stop loss above 417.

Nickel prices after a selloff is expected to bounce till 865 -868, one can enter into short position with a stop loss above 881.

Lead prices can bounce till 104.20 -104.50, one can remain in sell position with a stop loss above 105.80.

Crude prices are resisting 5175 -5185 on higher end, for intraday if prices sustain below the above range one can sell with a stop loss above 5225.

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