Buy Gold Above 48350 SL Below 48150 TGT 48600/48700 - Axis Securities
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Gold
MCX Gold price has given a bullish breakout from consolidation range, Price is expected to trade positively. Sustaining above 48350 would push the price higher towards 48600/48700 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullishness in the prices.
BUY GOLD ABOVE 48350 SL BELOW 48150 TGT 48600/48700
Nickel
MCX Nickel price is trading inside the symmetrical triangle pattern, price is expected to trade negatively. Any breakdown below 1540 would drag the price lower towards 1525/1520 levels intraday. The price has been trading below 60&100 hourly EMA which is a bearishness in the prices.
SELL NICKEL BELOW 1540 SL ABOVE 1550 TGT 1525/1520
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