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Buy Gold Above 46700 SL BELOW 46500 TGT 47000/47200 - Axis Securities
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GOLD
MCX Gold price is trading under a rising trend line channel, price is expected to trade positively. Any breakout above 46700 would push the price higher towards 47000/47200 levels in intraday. The hourly momentum indicator RSI is trading at 75 and it is forming higher highs which is positive sign for the prices.
BUY GOLD ABOVE 46700 SL BELOW 46500 TGT 47000/47200
COPPER
MCX Copper price has given a bullish breakout from ascending triangle pattern, price is expected to trade positively. Sustaining above 695 would push the price higher towards 700/705 levels in intraday. The price is * well placed above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY COPPER IN THE RANGE OF 695-694.50 SL BELOW 690.50 TGT TGT 700/705
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