Buy Silver Above 58500 SL Below 58000 TGT 59200/60000 - Axis Securities
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Gold
MCX Gold opened on a positive note and extended buying momentum in the first half. . The daily Vv strength indicator RS] is moving upwards and is above its reference line indicating positive bias. Gold continues to remain in an uptrend for the short term, so buying on dips continues to be our preferred strategy.
BUY GOLD ABOVE 52200 SL BELOW 52000 TGT 52450/52600
Silver
MCX Silver opened on a flat note and buying momentum throughout the session let it close near the day's high. The hourly strength indicator RSI has turned positive from the oversold territory and is above its reference line indicating positive bias. Silver is trading above its 20&60 hourly SMA which shows strength in the prices.
BUY SILVER ABOVE 58500 SL BELOW 58000 TGT 59200/60000
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