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Published on 26/02/2021 5:41:20 PM | Source: Axis Securities Ltd

Buy Gold Above 46600 SL Below 46400 TGT 46900/47000

Posted in Commodities Reports| #Commodity Tips #Axis Securities Ltd

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GOLD

MCX Gold price is trading near falling trend line resistance level, price is expected to trade positively. Any breakout above 46600 would push the price higher towards 46900/47000 levels in intraday. The momentum indicator RSI is trading at 56 and it Behe ae asa aa has formed bullish reversal.

BUY GOLD ABOVE 46600 SL BELOW 46400 TGT 46900/47000 

 

 

NICKEL

MCX Nickel price has given negative breakout, price is expected to trade negatively. Sustaining below 1365 would drag down the price lower towards 1350/1345 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a NICKEL HOURLY CHART bearish sign for the prices

SELL NICKEL BELOW 1365 SL ABOVE 1375 TGT 1350/1345.

 

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