Buy Gold Above 47600 SL Below 47500 TGT 47700/47800 - Axis Securities
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Gold
Gold prices edged higher in last trading sessoin on account of weak payroll data. Prices managed to closed above 47500 level in last 5 days which is a positive sign for prices. On hourly chart RSI is above 60 level as well as prices is trading above upper bollinger band. Moreover it is above 20 and 60 days EMA which is a positive sign for prices. Traders may buy Gold above 47600 for the taget of 47700 on intraday basis.
BUY GOLD ABOVE 47600 SL BELOW 47500 TGT 47700/47800
ZINC
Zinc prices traded sideways in last session and it closed around 245.1 level. On houry chart prices is trding above 20 and 60 days EMA and RSI is also near 60 level. Breakout above 246.1 may push prices higher towards 247.1 on intraday basis.
BUY ZINC ABOVE 246.1 SL BELOW 245 TGT 247.1/247.6
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