Buy Gold Around 48600 SL Below 48500 TGT 48700/48800- Axis Securities
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GOLD
Gold prices rallied in last session after prices broke the strong resistance zone of 48300 and touched 49300 level on intraday basis. It closed around 48850 level. On daily chart it has given a breakout and close above 48400 for the first time in last few month which is a positive sign for prices. Traders can buy Gold around 48600 for the target of 48700 on intraday basis.
BUY GOLD AROUND 48600 SL BELOW 48500 TGT 48700/48800
COPPER
Copper prices closed on a negative note in last trading session after prices failed to sustain higher near 742 level and closed around 728 level. We expect prices to continue to trade in a range between 725 and 742 level as long as 725 level is intact on the lower side. Any dips around 728 is a good buying opporunity in Copper for the target of 731 level.
BUY COPPER AROUND 728 SL BELOW 725 TGT 731/735
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