Buy Gold Above 49400 SL Below 49200 TGT 49650/49800 - Axis Securities
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Gold
MCX Gold price is trading near the resistance of the consolidation range, price is expected to trade positively. Any breakout above 49400 would push the price higher towards 49650/49800 levels intraday. The price has been trainding above 9,21&60 hourly EMA which is a bullishness in the prices.
BUY GOLD ABOVE 49400 SL BELOW 49200 TGT 49650/49800
Copper
MCX Copper price is trading near the strong resistance level, price is expected to trade positively. Any breakout above 746 would push the price higher towards 752/756 levels intraday. The hourly momentum indicator RSI is trading at 60 it shows bullishness in the prices.
BUY COPPER ABOVE 746 SL BELOW 741 TGT 752/756
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