Buy Gold Above 48600 Sl Below 48400 TGT 48900/49000 - Axis Securities Ltd
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GOLD
MCX Gold price is trading inside a symmetrical triangle channel, price is expected to trade positively. Any breakout above 48600 would push the price higher towards 48900/49000 levels intraday. As the price has started trading above 9,21&60 hourly EMA which is a bullish sign for the Prices.
BUY GOLD ABOVE 48600 SL BELOW 48400 TGT 48900/49000
NATURAL
MCX Natural gas price has given a strong negative breakout, price is expected to trade negatively. Sustaining below 207.50 would drag down the price lower towards 203/201 levels in intraday. The momentum indicator RSI is trading at 30 and it shows bearishness in the prices.
SELL NATURAL GAS BELOW 207.50 SL ABOVE 211 TGT 204/201
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