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Published on 9/07/2020 5:01:47 PM | Source: Axis Securities Ltd

Sell Gold Below 49150 SL Above 49260 TGT 49050/48890 - Axis Securities

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

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Gold

Gold prices traded volatile in today's session and currently is it trading sideways in a narrow range between 49250 and 49150 level. On hourly chart 20 days EMA lies near 49120 level. Breakdown below the mentioned level may push prices lower towards 49050 level on intraday basis.

 

SELL GOLD BELOW 49150 SL ABOVE 49260 TGT 49050/48890

 

 

Silver

Silver prices edged higher in today' session and it broke the strong resistance zone of 52000 level but it failed to sustain near the mentioned level and currently it is trading near the strong support zone of 51800. Breakdown below the metioned level may push prices lower towards 51500 on intraday basis.

 

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