Buy Gold Above 51400 SL BELOW 51200 TGT 51700/51800 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained lackluster within peciea fon narrow trading range throughout the day. The chart pattern suggests that if Gold crosses and sustains above 51400 level it would witness buying which would push It towards 51700-51800 levels. Important support for the day is around 51200.
BUY GOLD ABOVE 51400 SL BELOW 51200 TGT 51700/51800
Silver
MCX Silver opened with an upward gap and remained in positive terrain throughout the day. The daily strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Silver is trading above 20,50&100 hourly 5MA's indicating positiveness in the intraday.
BUY SILVER ABOVE 62800 SL BELOW 62400 TGT 63300/63700
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