Buy Gold Above 50570 SL Below 50400 TGT 50800/51000 - Axis Securities
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GOLD
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart patte suggests that if Gold crosses and sustains above 50570 level it would witness buying which would push the price towards 50800-51000 levels.Important support for the day is around 50100.
BUY GOLD ABOVE 50570 SL BELOW 50400 TGT 50800/51000
SILVER
MCX Silver opened on a positive note and extended buying momentum in the first half. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Silver continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY SILVER ABOVE 57300 SL BELOW 56600 TGT 58200/56800
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