Buy Gold Above 44600 SL Below 44400 TGT 44900/45000 - Axis Securities
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GOLD
MCX Gold price has formed strong support near 44150, price is expected to trade positively. Any breakout above 44600 next leg of the rally would push the price higher towards 44900/45000 levels in intraday. The indicator RSI is trading at 52 and it is forming higher highs hich is a bullish sign for the prices.
BUY GOLD ABOVE 44600 SL BELOW 44400 TGT 44900/45000
NICKEL
MCX Nickel price has given a negative breakout from bearish flag pattern, price is expected to trade negatively. Sustaining below 1160 would drag down the price lower towards 1150/1145 levels in intraday. The price as been trading below 60 hourly EMA which is a bearish sign for the Price.
SELL NICKEL BELOW 1160 SL ABOVE 1166 TGT 1150/1145
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