Buy Gold Above 60100 SL Below 59900 TGT 60400/60700 - Axis Securities Ltd
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GOLD
MCX Gold opened on a flat note and witnessed extreme volatility on either side for most part of the session. The chart pattern suggests that if Gold crosses and sustains above 60100 level it would witness buying which would push the price towards 60400-60700 levels. Important support for the day s around 59750.
BUY GOLD ABOVE 60100 SL BELOW 59900 TGT 60400/60700
COPPER
MCX and the high. session buying Copper The daily let momentum opened it strength trade on near a throughout indicator flat the note day's 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 729 SL BELOW 725 TGT 734/740
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