Buy Gold Above 44800 SL BELOW 44600 TGT 45100/45200 - Axis Securities
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GOLD
MCX Gold price has seen a strong pullback after forming several support near 44200 levels, price is expected to trade positively. Any breakout above 44800 would push the price higher towards 45100/45200 levels in intraday. The price has started trading above 20&60 hourly MA which is a bullish sign for the prices.
BUY GOLD ABOVE 44800 SL BELOW 44600 TGT 45100/45200
NATURAL GAS
MCX Natural gas price is trading under pressure, price remains to trade lower. Sustaining below 193 would drag down the price lower towards 187/185 levels in intraday. The price has been trading below 9,21&60 hourly EMA which is a bearish sign for the pri prices.
SELL NATURAL GAS IN THE RANGE OF 193.20-193.70 SL ABOVE 197 TGT 187/185
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