Buy Copper Above 812 SL Below 807 TGT 820/824 - Axis Securities
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Gold
MCX Gold price has formed strong resistance near 51900 and failed to break, price is expected to trade negatively. Any breakdown below 51400 would drag the price lower towards 51100/51000 levels intraday. The price failed to trade above 60 hourly EMA which suggests price to trade under pressure.
SELL GOLD BELOW 51400 SL ABOVE 51600 TGT 51100/51000
Copper
MCX Copper price has given a bullish breakout from ascending triangle pattern, price is expected to trade positively. Sustaining above $12 would push the price higher towards 820/824 levels intraday. The momentum indicator RSI is trading at 72 and it is forming higher highs which is a bullishness
BUY COPPER ABOVE 812 SL BELOW 807 TGT 820/824
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