Buy Gold Above 48350 SL Below 48200 TGT 48600/48700 - Axis Securities
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Gold
MCX Gold price is trading under rising trend line channel, price is expected to trade positively. Any breakout above 48350 would push the price higher towards 48600/48700 levels intraday. The price has been trading above 9,21&60 hourly EMA which is a bullishness in the prices.
BUY GOLD ABOVE 48350 SL BELOW 48200 TGT 48600/48700
Natural gas
MCX Natural gas price is trading near the resistance of the consolidation range, price is expected to trade positively. Any breakout above 295 would push the price higher towards 305/310 levels intraday. The momentum indicator RSI is trading at 56 and it is forming higher highs which is a bullishness in the prices..
BUY NATURAL GAS ABOVE 295 SL BELOW 287 TGT 305/310
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