Buy Copper Above 820 SL Below 817 TGT 823/826 - Axis Securities
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GOLD
Gold prices closed in green in last session. However prices failed to sustain near the strong resistane zone of 51900 and closed around 51650 level. On hourly chart prices is trading below 60 days EMA which is a negative sign for prices. Traders may sell Gold around 51900 for the target of 51800 on intraday basis.
SELL GOLD AROUND 51900 SL ABOVE 52000 TGT 51800/51700
COPPER
Copper prices edged higher in last session and closed around 815 level. On hourly chart prices is trading above 9 and 20 days EMA and RSI is also around 60 level which is a positive sign for prices. Strong resistance zone is seen around 820 level. Breakout above the mentioned level may push prices higher towards 823 on intraday basis.
BUY COPPER ABOVE 820 SL BELOW 817 TGT 823/826
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