Buy Gold Above 48100 SL Below 47900 TGT 48400/48500 - Axis Securities
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Gold
MCX Gold price is trading near the strong resistance level, price is expected to trade positively. Any breakout 48100 would push the price higher towards 48400/48500 intraday. The price has started trading above 9,21&60 houry EMA which is a bullishness in the prices.
BUY GOLD ABOVE 48100 SL BELOW 47900 TGT 48400/48500
Copper
MCX Copper price is trading near the resistance level, price is expected to trade positively. Any breakout above 741 would push the price higher towards 747/752 levels in intraday. The momentum indicator RSI is trading at 71 and it is forming higher highs which is bullishness in intraday.
BUY COPPER ABOVE 741 SL BELOW 737 TGT 747/752
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