Buy Gold Above 54250 SL Below 54000 TGT 54600/54700 - Axis Securities
Gold
MCX Gold price is forming higher highs with higher lows inside the rising trend line channel, price is rising trend line channel, price is Sustaining above 54250 would push the price higher towards 54600/54700 levels intraday. The price has been trading above 9,21&60 hourly EMA which is a bullish sign in the prices.
BUY GOLD ABOVE 54250 SL BELOW 54000 TGT 54600/54700
Natural Gas
MCX Natural gas has given a negative breakout, price is expected to trade negatively. Sustaining below 359 would drag the price lower towards 350/347 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a bearishness in the prices.
SELL NATURAL GAS BELOW 359 SL ABOVE 365 TGT 350/347
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