Buy Gold Above 52750 SL Below 52600 TGT 53000/53200 - 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 52750 level it would witness buying which would push the price towards 53000-53200 levels. Important support for the day is around 52300.
BUY GOLD ABOVE 52750 SL BELOW 52600 TGT 53000/53200
ZINC
MCX Zinc opened with an upward gap and remained in positive terrain throughout the day. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias. Zinc continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY ZINC ABOVE 265.70 SL BELOW 264 TGT 268/270
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