Buy Gold Above 54300 SL BELOW 54100 TGT 54600/5800 - Axis Securities
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GOLD
MCX Gold opened with an upward gap but witnessed selling from the opening tick. The chart pattern suggests that if Gold crosses and sustains above 54300 level it would witness buying which would push the price towards 54600/54800 levels. Important support for the day is around 53800.
BUY GOLD ABOVE 54300 SL BELOW 54100 TGT 54600/5800
NATURAL GAS
MCX Copper opened with an upward gap and witnessed selling for the first part of the session. The daily strength indicator RSI] is moving upwards and is above its reference line indicating positive bias. Copper continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 713.50 SL BELOW 709 TGT 719/723
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