Buy Gold Above 58900 SL Below 58750 TGT 59100/59300 - 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 58900 level it would witness buying which would push the price towards 59100-59300 levels. Important support for the day is around 58600.
Zinc
MCX Zinc opened on a flat note and witnessed selling for most part of the session.The chart pattern suggests that if Zinc breaks and sustains below 213 level if would witness selling which would drag the price towards 211-210 levels.Important resistance for the day is placed at 215.
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