Buy Gold Around 46900 SL Below 46800 TGT 47000/47100 - Axis Securities
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GOLD
Mcx Gold Prices closed on on a flat note near 47050 level. Prices traded volatile on account of non farm payroll data. However on hourly chart prices managed to close above the phycological level of 47000 which is a positive sign for prices moreover trading above 9 and 20 days EMA which indicate that short term trend is positive for price. Any dips around 46900 can be used as an buying opportunity for the target of 47000 level.
BUY GOLD AROUND 46900 SL BELOW 46800 TGT 47000/47100
NATURAL GAS
Natural gas prices traded volatile in last session and it closed in red around 422 level. Overall trend is looking sideways to for prices as long as it is trading between 415 and 445 level. Immediate support zone is seen around 420 level which can be used as an buying opportunity for the target of 424 on intraday basis.
BUY NATURAL GAS AROUND 420 SL BELOW 416 TGT 424/430
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