Buy Gold Above 47700 SL BELOW 47600 TGT 47800/47900 - Axis Securities Ltd
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GOLD
Gold prices edged higher in last session after prices broke the intermediate level of 47500 and touched 47650 level on intraday basis. Prices closed above 47600 level for the first time in last 3 days which is a bullish sign for prices. On hourly chart RSI is also above 60 level indicating high momemtum in prices. Traders can buy Gold above 47700 level for the target of 47800 on intraday basis.
BUY GOLD ABOVE 47700 SL BELOW 47600 TGT 47800/47900
soya
Refine soya oil closed higher in last session as ti closed around the strong resistance zone of 1460 level. On hourly chart prices is trading above 9 and 20 days EMA and RSI is also above 60 level indicating high momentum in prices. Traders can buy RSO above 1460 level for the target of 1465 on intraday basis.
BUY RSO ABOVE 1460 SL BELOW 1456 TGT 1465/1470
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