Buy Copper Above 731 SL Below 727 TGT 736/740 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 59400 level it would witness buying which would push the price towards 54700-54900 leveles.Important support for the day is around 54000.
BUY GOLD ABOVE 59400 SL BELOW 59200 TGT 59700/59900
Copper
MCX Copper opened with an upward gap and remained in positive terrain throughout the day. 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 731 SL BELOW 727 TGT 736/740
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