Buy Gold Above 52650 SL Below 52400 Tgt 52900/53200 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Gold crosses and sustains above 52650 level it would witness buying which would lead It towards 52900-53200 levels. Important support for the day L sa700 is around 52000.
BUY GOLD ABOVE 52650 SL BELOW 52400 TGT 52900/53200
Crudeoil
MCX Crudeoil opened with a downward gap but witnessed buying in the second half of the session. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Crudeoil continues to remain in an uptrend forthe intraday, se buying on dips continues to be our preferred strategy.
BUY CRUDEOIL ABOVE 7560 SL BELOW 7450 TGT 7700/7750
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