Buy Gold Above 47500 SL Below 47300 TGT 47800/47900 - Axis Securities
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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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