Buy Gold Above 51550 SL Below 51300 TGT 51830/52000 - Axis Securities
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GOLD
MCX Gold opened on a flat note and buying momentum throughout the ession. Gold is trading above 20,50 hourly SMA's indicating positive bias in the intraday. Gold continues to emain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY GOLD ABOVE 51550 SL BELOW 51300 TGT 51830/52000
Aluminium
MCX Aluminium opened on a flat note and remained in a small range throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Aluminium continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.
BUY ALUMINIUM ABOVE 210 SL BELOW 208 TGT 212.50/214
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