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Published on 20/01/2020 5:27:19 PM | Source: Axis Securities Ltd

Buy Gold In The Range Of 39900-39920 SL Below 39800 TGT 40100/40300 - Axis Securities

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

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Gold price is trading under rising trend line channel, price is expected to p “0808 trade positive. Sustaining above 39900 would push price higher towards ~ feaee 40100/40300 levels. Gold price is trading under bullish momentum since last five trading sessions after forming strong support near 39300. On hourly chart price is trading above 9,21&60 EMA which is positive sign for price.

BUY GOLD IN THE RANGE OF 39900-39920 SL BELOW 39800 TGT 40100/40300

 

Nickel

Nickel price is trading under bearish momentum, price is expected to trade negative. Sustaining below 1024 would drag price lower towards 1015/1010 levels, Alternatively 1030 may act as a strong resistance level. On hourly chart 60 EMA has given negative cross over of 20 EMA which be 1 Le 1089 Tae be Tt is bearish sign for prices.

SELL NICKEL IN THE RANGE OF 1024-1025 SL ABOVE 1030 TGT 1015/1010

 

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