Buy Gold Above 48050 SL Below 47850 TGT 48300/48400 - Axis Securities
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Gold
MCX Gold price has given a bullish breakout from rising trend line channel,price is i expected to trade positively. Sustaining above 45050 would push the price higher to 48300/48400 levels intraday. The hourly momentum indicator RSI is trading at 68 and it is forming higher highs which is a bullish sign for the prices.
BUY GOLD ABOVE 48050 SL BELOW 47850 TGT 48300/48400
Nickel
MCX Nickel price has given a bullish breakout from descending triangle pattern, price is expected to trade positively. Sustaining above 1510 would push the price higher towards 1525/1530 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY NICKEL ABOVE 1510 SL BELOW 1500 TGT 1525/1530
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