Sell Gold Below 47300 SL Above 47500 TGT 47050/46900 - Axis Securities
Gold
MCX Gold price is trading inside the falling channel, price is expected to trade negatively. The price is forming ower hi ghs wihich ch sh ows any small rise should be initiated for selling. Any break down below 47300 would drag the price lower towards 47050/46900 levels intraday.
SELL GOLD BELOW 47300 SL ABOVE 47500 TGT 47050/46900
Copper
MCX Copper price has formed multiple supports near 737 and failed to break, price is expected to trade positively. Any breakout above 751 would push the price higher towards 757/760 levels intraday. The price has started trading above 9,21&60 hourly MA which is a bullishness in the prices.
BUY COPPER ABOVE 751 SL BELOW 747 TGT 757/760
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