Buy Gold Above 53700 SL Below 53500 TGT 54000/54200 - Axis Securities
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Gold
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Gold crosses and sustains above 53700 level it would witness buying which would lead the towards 54000-54200 levels.Important Support for the day is around 53300.
BUY GOLD ABOVE 53700 SL BELOW 53500 TGT 54000/54200
Silver
MCX Silver opened with an upward gap and remained lackluster within a narrow trading range throughout the day. Silver price is moving in a Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend. The hourly strength indicator RSI is moving upwards and is above its reference line indicating positive bias.
BUY SILVER ABOVE 70100 SL BELOW 69600 TGT 70900/71400
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