Buy Gold Above 48450 Sl Below 48300 TGT 48650/48800 - Axis Securities Ltd
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GOLD
MCX Gold price has given a bullish breakout from ascending triangle pattern Price is expected to trade positivity . Any breakout above 48450 next leg of the rally would push the price higher towards 48650/48800 levels in intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the price
BUY GOLD ABOVE 48450 SL BELOW 48300 TGT 48650/48800
SILVER
MCX Silver price has given bullish breakout, price remains to trade higher. Sustaining above 74100 would push the price higher towards 74800/75200 levels in intraday. The momentum indicator RSI is trading at 78 and it is forming higher highs which is a positive sign for the prices.
BUY SILVER ABOVE 74100 SL BELOW 76700 TGT 74800/75200
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