Buy Copper Above 595 SL BELOW 591 TGT 600/602 - Axis Securities Ltd
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GOLD
MCX Gold price is trading under pressure since the price has broken the consolidation range, price is expected to trade negatively. Sustaining below 47800 would drag down the price lower towards 47500/47400 levels in intraday. The tum indicator RSI is trading at 38 it shows bearishness in the prices.
SELL GOLD BELOW 47800 SL ABOVE 48000 TGT 47500/47400
COPPER
MCX Copper price has formed multiple supports near 588 and seen strong pull back, price is expected to trade positively. Any breakout above [''! 595 would push the price higher towards 600/602 levels in intraday. The price has started trading above 9&21 EMA which is a bullish sign for the prices.
BUY COPPER ABOVE 595 SL BELOW 591 TGT 600/602
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