Sell Gold Below 48150 SL Above 48350 TGT 4700/47800 - Axis Securities
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GOLD
Gold price is trading near the of rising trend line, price is to trade negatively. Any down below 48150 would drag price lower towards 47900/47800 intraday. The price has started below 20,60&100 hourly EMA is a bearishness in the prices.
SELL GOLD BELOW 48150 SL ABOVE 48350 TGT 4700/47800
CRUDE OIL
MCX Crude oil price has given a bullish breakout, price is expected to trade positively. Sustaining above 6600 would push the price higher towards 6670/6700 levels intraday. The momentum indicator RSI is trading at 74 and it is forming higher highs which is a bullishness in the prices.
BUY CRUDE OIL ABOVE 6600 SL BELOW 6550 TGT 6670/6700
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