Sell Gold In The Range Of 46600-46650 SL Above 46800 TGT 46350/46200 - Axis Securities Ltd
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Gold
MCX Gold price has given bearish breakout from strong support level, Price is expected to trade negatively. Sustaining below 46600 would drag the price lower towards 46350/46300 levels intraday. The momentum indicator RSI is trading at 23 and it is forming lower lows which is bearishness in the prices.
SELL GOLD IN THE RANGE OF 46600-46650 SL ABOVE 46800 TGT 46350/46200
Natural Gas
MCX Natural gas price is trading near strong support levels, price is expected to trade negatively. Any break down below 389 would drag the price lower towards 382/378 levels in intraday. The price has started trading below 9&21 hourly EMA which is a bearish sign for the prices.
SELL NATURAL GAS BELOW 389 SL ABOVE 394 TGT 382/378
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