01-01-1970 12:00 AM | Source: Axis Securities Ltd
Buy Gold Around 52500 SL Below 52400 TGT 52650/52750 - Axis Securities
News By Tags | #5481 #473

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Gold

Gold prices traded in a narrow range in last session as US market was closed. Gold closed at 52680 with a gain of 214 points. The daily strength indicator RSI continue to remian flat and is below its reference line indicating absence of momentum on either side. On the daily chart It has formed a bullish candle and has closed above its previous session's high indicating positive bias. On hourly chart Gold is trading above 20 and 60 day EMA's indicating positive bias in the short term. Gold continues to remain in an uptrend for the short term, so buy on dips continues to be our preferred strategy

BUY GOLD AROUND 52500 SL BELOW 52400 TGT 52650/52750

 

Silver

Silver opened with a upward gap and remained in a Small range throughout the day. Silver closed at 61970 with a gain of 338 points. The daily strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. On the daily chart price has formed a small bearish candle with a higher shadow indicating selling pressure at the higher level. On hourly chart Silver is trading above 20 and 60 day EMA's indicating positive bias in the short term. Silver continues to remain in an uptrend for the short term, so buy on dips continues to be our preferred strategy

BUY SILVER AROUND 61600 SL BELOW 61300 TGT 62000/62400

 

 

To Read Complete Report & Disclaimer Click Here
 

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer