Buy Copper Above 676 SL Below 671 TGT 683/690 - Axis Securities
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Gold
MCX Gold opened on a flat note and remained in a Small range throughout the day. The chart pattern suggests that if Gold breaks and sustains below 51400 level it would witness selling which would drag It towards 51100-51000 levels. Important resistance for the day is placed at 51800.
SELL GOLD BELOW 51400 SL ABOVE 51600 TGT 51100/51000
Copper
MCX Copper opened on a flat note - saT and Puying momentum throughout the session. The hourly strength indicator RSI] is moving upwards and is above its reference line indicating positive bias. Copper continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 676 SL BELOW 671 TGT 683/690
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