Buy Gold Above 46550 SL Below 46400 TGT 46800/46900 - Axis Securities
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Gold
MCX Gold price is trading inside the consolidation range, price remains to trade positively. Sustaining above 46550 would push the price higher towards 46800/46900 levels intraday. he 60 hourly EMA has crossed over 100 hourly EMA which is a bullish sign for the prices.
BUY GOLD ABOVE 46550 SL BELOW 46400 TGT 46800/46900
Crude Oil
MCX Crude oil price has given a strong resistance breakout, price is expected to trade positively. Sustaining above 5645 would push the price higher towards 5710/5750 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a positive for the prices.
BUY CRUDE OIL IN THE RANGE OF 5645-5635 SL BELOW 5580 TGT 5710/5750
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