Buy Gold Above 49250 Sl Below 49050 TGT 49500/49600 - Axis Securities Ltd
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GOLD
MCX Gold price is trading inside the ascending triangle pattern, price is expected to trade positively. Any breakout above 49250 would push the price higher towards 49500/49600 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY GOLD ABOVE 49250 SL BELOW 49050 TGT 49500/49600
NATURAL GAS
MCX Natural gas price is trading near the resistance level of the consolidation range, price is expected to trade positively. Any breakout above 228.50 would push the price higher towards 233/235 levels in intraday. The momentum indicator RSI is trading at 53 and it is forming higher highs which is positive sign for| the prices.
BUY NATURAL GAS ABOVE 228.50 SL BELOW 225 TGT 233/235.
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