Buy Gold Around 55750 SL Below 55600 TGT 55950/56050 - Axis Securities
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Gold
Gold prices closed on a flat note in last session. On daily chart prices settled around 55738 with a loss of 85 points.Momentum indicator RSI is trading below its reference line which indicate that momentum is weak for prices. However on daily chart it has fomed a multiple doji candle and it is trading above 60 days EMA which is a positive sign and also possible reversal from current down trend. Traders can buy Gold around 55750 for the target of 55950 on intraday basis.
BUY GOLD AROUND 55750 SL BELOW 55600 TGT 55950/56050
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