Published on 14/05/2021 4:20:08 PM | Source: Axis Securities Ltd
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GOLD
MCX Gold price is trading near the trend line resistance, price is expected to trade positively. Any breakout above 47660 next leg of the rally would push the price higher towards 47900/48000 levels in intraday. The price has started trading above 9&21 hourly EMA which is a bullish sign for the prices.
BUY GOLD ABOVE 47660 SL BELOW 47500 TGT 47900/48000
NATURAL GAS
MCX Natural gas price is trading near the resistance line of lidation range, price is expected to trade positively. Any breakout above 220 rt ba 216 next leg of the rally would push the price higher towards 224/226 levels intraday. The momentum indicator RSI is trading at 60 it shows bullishness in the prices.
BUY NATURAL GAS ABOVE 220 SL BELOW 217 TGT 224/226
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