MCX Gold February intraday technical analysis

The February contract gold prices weresubstantially up on previous session as aftertesting a high of 10502 it settled higher at 10497levels. Prices are expected to move up with aslight pullback. The supports are seen at 10450-45 levels. Market sustains above 10450 may seeprices to trade firm and recommend buying forintraday. We recommend buying around 10445-50 targeting 10525-30 with stop loss below10420 levels.

Intra day technical analysis of copper

MCX Copper FebruaryThe February contract copper prices were up onprevious session and after testing a high of278.40 it settled at 276.20 levels. Prices areexpected to move up and the immediateresistance is seen at 279-280 levels. Only onbreak of 280 levels we may see prices to test 28levels. Likewise the supports are seen at 275 andbreach of the same may see prices to test273.50 levels. We recommend buying on dips forthe day.