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GOLD

MCX Gold price is trading under symmetrical triangle pattern, price remains to trade higher. Any breakout above 48600 next leg of the rally would push the price higher towards 48900/49000 levels in intraday. Price is trading above 60&100 hourly EMA which is a bullish sign for the prices

BUY GOLD ABOVE 48600 SL BELOW 48400 TGT 48900/49000

ZINC

MCX Zinc price has given bullish breakout from consolidation range, Price is expected to trade positively. Sustaining above 234.50 would push the price higher towards 236.50/238 levels in intraday. The momentum indicator RSI is trading at 57 and it is forming higher highs which is positive sign for the prices.

BUY ZINC ABOVE 234.50 SL BELOW 233 TGT 236.50/238.

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