Buy Gold Around 58400 SL BELOW 58200 TGT 58650/58900 - Axis Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
GOLD
Gold prices snapped its losing streak in the last session. Prices closed around 58300 level and was marginally up by 0.12 percent. On the daily chart prices has formed a inverted hammer around the strong support zone of 58000 level which indicate possible reversal of the current downtrend. On the daily chart RSI is trading near the oversold zone of 32 level which indicate a possible puase in current downtrend. Traders can buy Gold around 58400 for the target of 58650 for intraday basis
BUY GOLD AROUND 58400 SL BELOW 58200 TGT 58650/58900
CRUDE OIL
Crude oil prices closed on a flat note in the last session. Prices settled around 5681 and was marginally down by 0.18 percent. On the daily chart it has formed a dragon fly doji near the strong support zone indicating possible reversal of the current downtrend. If prices is able to hold the level of 5550 then we may expect short covering in prices up till 5800 level for this week
BUY CRUDE OIL AROUND 5640 SL BELOW 5580 TGT 5700/5760
To Read Complete Report & Disclaimer Click Here
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
