Buy Gold Above 48300 Sl Below 48150 TGT 48500/48600 - Axis Securities
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Gold
MCX Gold price is trading higher since strong resistance breakout, price is expected to trade positively. Sustaining above 48300 would push the price higher towards 48500/48600 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullishness in the prices.
BUY GOLD ABOVE 48300 SL BELOW 48150 TGT 48500/48600
Aluminium
MCX Aluminium price has given a I lt te ma bullish resistance breakout, price is expected to trade positively Sustaining above 255 would push the price higher towards 257.50/259 levels intraday. The momentum indicator oar RSI is trading at 68 and it is forming ses higher highs which isa bullish sign p for the prices.
BUY ALUMINIUM ABOVE 255 SL BELOW 253 TGT 257.50/259
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