09-06-2021 04:36 PM | Source: Axis Securities Ltd
Buy Gold Above 47500 SL Below 47300 TGT 47800/47900 - Axis Securities
News By Tags | #5481 #473

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Gold

MCX Gold price has given a bullish breakout from descending triangle pattern, price is expected to trade positively. Sustaining above 47500 would push the price higher towards 47800/47900 levels intraday.The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.

 

BUY GOLD ABOVE 47500 SL BELOW 47300 TGT 47800/47900

 

Aluminium

MCX Aluminium price has given a bullish breakout from ascending triangle pattern, price is expected to trade positively. Sustaining above 217.50 would push the price higher towards 219/220 levels in intraday.The momentum indicator RSI is trading at 73 and it is forming higher highs which is a bullish sign for the Prices.

 

BUY ALUMINIUM ABOVE 217.50 SL BELO 216.50 TGT 219/220

 

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