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Published on 22/09/2020 5:37:45 PM | Source: Axis Securities Ltd

Sell Zinc Below 193 SL Above 194.30 TGT 191.50/190​​​​​​​ - Axis Securities

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

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Gold

MCX Gold price has given a negative breakout, price is expected to trade negatively. Sustaining below 50400 next leg of the correction would drag down the price lower towards 50100/50000 levels in intraday. The momentum indicator RSI is trading at 33 it shows bearishness in prices. 

SELL GOLD IN THE RANGE OF 50400-50420 SL ABOVE 50600 TGT 50100/50000

 

Zinc

MCX Zinc price is trading under a descending triangle pattern, price is expected to trade negatively. Any break down below 193 next leg of the correction would drag down the price lower towards 191.50/190 levels in intraday. As the price has started trading below 60 EMA which is a negative sign for prices. 

SELL ZINC BELOW 193 SL ABOVE 194.30 TGT 191.50/190​​​​​​​

 

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