Buy Gold Above 49000 SL Below 48800 TGT 49300/49400 - Axis Securities
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Gold
MCX Gold price has given a bullish breakout, price is expected to trade positively. Sustaining above 49000 would push the price higher towards 49300/49400 levels intraday. The four hourly momentum indicator RSI is trading at 89 and it is forming higher highs which is a bullishness in the prices.
BUY GOLD ABOVE 49000 SL BELOW 48800 TGT 49300/49400
Zinc
MCX Zinc price has given a bullish breakout from rising trend line channel,price is expected trade positively.Sustaining above 310.20 would push the price higher towards 312.70/315 levels intraday.the price has been trading above 60 four horly EMA which is a bullishness in the prices.
BUY ZINC IN THE RANGE OF 310.20-309.70 SL BELOW 308 TGT 312.70/315
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