Buy Gold Above 49200 SL Below 49000 TGT 49450/49600- Axis Securities
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Gold
MCC Gold price seen bounce back after testing support from expanding triangle pattern, price is expected to trade positively. Any breakout above 49200 would push the price higher towards 49450/49600 levels intraday. The price has been well placed above 100 hourly EMA which is a bullish sign in the prices.
BUY GOLD ABOVE 49200 SL BELOW 49000 TGT 49450/49600
Copper
MCX Copper price has given a consolidation support breakout, price is expected to trade negatively. Sustaining below 725 would drag the price lower towards 718/715 levels in intraday. The price has been trading below 9,21&60 hourly EMA which is a bearishness in the prices.
SELL COPPER IN THE RANGE OF 725-725.50 SL ABOVE 730 TGT 718/715
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