Buy Gold Above 49600 SL Below 49400 TGT 49850/50000 - Axis Securities
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GOLD
MCX Gold price has given a bullish breakout from consolidation range, Price is expected to trade positively. Sustaining above 49600 would push the price higher towards 49850/50000 levels intraday. The momentum indicator RSI is trading at 65 it shows strength in the prices.
BUY GOLD ABOVE 49600 SL BELOW 49400 TGT 49850/50000
NATURAL GAS
MCX Natural gas price is trading near the resistance level of the consolidation range, price is expected to trade positively. Any breakout above 383 would push the price higher towards 390/395 levels intraday. The price has started trading| above 9,21&60 hourly EMA which is a bullishness in the prices..
BUY NATURAL GAS ABOVE 383 SL BELOW 377 TGT 390/395
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