Sell Gold Below 47500 SL Above 47700 TGT 47200/47100 - Axis Securities
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Gold
MCX Gold price is trading inside the falling wedge pattern, price is expected to trade negatively. Any breakdown below 47500 would drag the price lower towards 47200/47100 levels intraday. The price has been trading below 60&100 hourly EMA which is a bearishness in the prices.
SELL GOLD BELOW 47500 SL ABOVE 47700 TGT 47200/47100
MCX Crude oil price is trading near the strong resistance level, price is expected to trade positively. Any breakout above 5230 would push the price higher towards 5300/5350 levels intraday. The momentum indicator RS] is trading at 56 and it is forming higher highs which is bullishness in the prices.
BUY CRUDE OIL ABOVE 5230 SL BELOW 5170 TGT 5300/5350
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