Sell Gold Below 48600 SL ABOVE 48800 TGT 48300/ 48200 - Axis Securities Ltd
GOLD
MCX Gold price is trading near strong) L e100 support of consolidation range, price is expected to trade negatively. Any L. 50800 breakdown below 48600 would drag | jj, down the price lower towards £0000 48300/48200 levels in intraday. The price has started trading below #800 9,21&60 EMA which is a bearish sign for the prices.
SELL GOLD BELOW 48600 SL ABOVE 48800 TGT 48300/ 48200
CRUDE OIL
MCX Crude oil has given a bullish [soa0 breakout from the falling channel, r = Price is expected to trade positively. |} 2910 Sustaining above 3880 would push the| Tees } 3850 price higher towards 3940/3960 levels seen in intraday. The momentum indicator L 3se0 RSI is trading at 55 and it is forming higher highs which is a positive sign P3830 3820 for the prices.
BUY CRUDE OIL ABOVE 3880 SL BELOW 3840 TGT 3940/3960
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