Here's how you should trade gold, crude now

Gold prices in the international market are likely to trade in the range of USD 1,565 per ounce to USD 1,590 per ounce, Tarang Bhanushali of IIFL said in an interview to CNBC-TV18. He suggests buying gold around Rs 29,580 per 10gm keeping a target of Rs 29,600 per 10gm and a stop loss of Rs 29,520 per 10gm.

Gold importers wait for more price weakness Meanwhile, crude is likely to find support at around USD 89-90 per barrel zone. If it slips below USD 89 level then one would see shorts coming into the market. As long as USD 89 level is held, crude would remain on the higher side, he adds. "We expect crude to move to USD 92.5 per bbl and then selling would be seen over there. We expect a minor pullback. However, on MCX one can buy around Rs 4,920 per barrel, keeping a target of Rs 4,980 per barrel."