Buy Gold Above 47500 SL BELOW 47300 TGT 47800/47900 - 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 47500 would push the price higher towards 47800/47900 in intraday. The momentum indicator RSI is trading at 54 and it is forming higher highs and higher lows which is a bullish sign for the prices.
BUY GOLD ABOVE 47500 SL BELOW 47300 TGT 47800/47900
LEAD
MCX Lead price is trading near strong 164 resistance, price is expected to trade positively. Any breakout above 166 would push the price higher towards 167.50/168 levels in intraday.The price has been trading above 20&60 hourly EMA which is bullish sign for the Prices.
BUY LEAD ABOVE 166 SL BELOW 165 TGT 167.50/168
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