Buy Copper Above 781 SL Below 777 TGT 787/793 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained lackluster throughout the day. The chart pattern suggests that if Gold crosses and sustains above 57000 level it would witness buying which would push athe price towards 57300-57500 levels. Important support for the day is around 56450.
BUY GOLD ABOVE 57000 SL BELOW 56800 TGT 57300/57500
Copper
MCX Copper opened with an upward gap and remained in positive terrain throughout the day. On the daily chart It has formed a bullish candle and has closed above its previous session's high representing positive bias ahead. On the hourly chart Copper is trading above 20 and 60 hourly EMA indicating positive bias in the short term.
BUY COPPER ABOVE 781 SL BELOW 777 TGT 787/793
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