Buy Gold Above 61300 SL Below 61000TGT 61700/61900 - Axis Securities Ltd
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GOLD
MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The daily strength indicator RSI is moving upwards and is above its reference line indicating positive bias.Gold continues to remain in an uptrend for the short term,so buying on dips continues to be our preferred strategy.
BUY GOLD ABOVE 61300 SL BELOW 61000TGT 61700/61900
Copper
MCX Copper opened on a flat note and buying mpmentum throughout the session. The chart pattern suggests that if Copper crosses and sustains above 744 levels it would witness buying which would push the price towards 750-755 levels.Important support for the day is around 738.
BUY COPPER ABOVE 744 SL BELOW 740 TGT 750/755
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