Buy Nickel Above 1370 SL Below 1360 TGT 1383/1387
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GOLD
MCX Gold price has given a negative breakout, price is expected to trade > #500 negatively. Sustaining below 46700 would drag down the price lower towards 46400/46300 levels in intraday. As the price has started trading below 9,21&60 hourly EMA which is a negative sign for the rices.
SELL GOLD BELOW 46700 SL ABOVE 46900 TGT 46400/46300
Nickel
MCX Nickel price has given a bullish breakout, price is expected to trade positively. Sustaining above 1370 would push the price higher towards 1383/1387 levels in intraday. The momentum indicator RSI is trading at 68 it shows bullishness in the prices.
BUY NICKEL ABOVE 1370 SL BELOW 1360 TGT 1383/1387
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