Buy Gold Above 49670 Sl Below 49450 TGT 49850/50000 - Axis Securities Ltd
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GOLD
MCX Gold price is trading under an ascending triangle pattern, price is expected to trade positively. Any breakout above 49670 would push the price higher towards 49850/50000 levels intraday. The price has been trading above 100 SMA which is a positive sign for the prices.
BUY GOLD ABOVE 49670 SL BELOW 49450 TGT 49850/50000
NICKEL
MCX Nickel price is trading near strong resistance, price remains to trade higher. Any breakout above 1345 would push the price higher towards 1360/1365 levels in intraday. The momentum indicator RSI is trading at 60 it shows bullishness in the prices.
BUY NICKEL ABOVE 1345 SL BELOW 1335 TGT 1360/1365 LTP 1337.00 52 s1 Pivot R1
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