Buy Gold Above 47700 Sl Below 47500 Tgt 48000/48100 - Axis Securities
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Gold
MCX Gold price is trading the ascending traingle pattern by forming higher hights and higher lows, price is expected to trade positiveely. Any breakout above 47700 would push the price higher toward 48000/48100 levels intrady. The price has started trading above9,21&60 hourly EMA which is a bullish sign for the prices.
BUY GOLD ABOVE 47700 SL BELOW 47500 TGT 48000/48100
Copper
MCX copper price is trading inside the expanding triangle pattern, price is expected to trade negatively. The price is tradig near 100 hourly EMA, any break down below 776 would drag the price lower toward 770/768 level in intraday.The momentum indicator RSI is trading at 39 and it is forming lower lows which is a bearish sign for the prices.
SELL COPPER BELOW 776 SL ABOVE 780 TGT 770/768
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