Expect selling pressure to continue in Gold: Nirmal Bang

Gold prices can further inch up till Rs 29880 -29930 whereby we expect selling pressure to continue, one can maintain a stop loss above Rs 30080.

Silver prices are expected to trade within the broader range from 55250 to 53500 one could trade within the range. Oscillators too suggest a flat to positive move.

Copper prices are expected to witness a range bound move as from 414 to 406, one can look for buying opportunity around 408 with a stop loss below 404. Fresh buying could witness above 415.

Nickel prices as expected tested the 960 mark one can buy on dips around 955 -950 with a stop loss below 938 for the target at 980 -985.

Lead prices are expected trade positive one can buy around 105.50 maintaining a small stop loss below 104.50.

Crude prices are witnessing a stiff resistance at 4770 4800 zone one can enter short around 4680 -4690 with a stop loss above 4735.

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