Buy Silver Above 61700 SL Below 61000 TGT 62500/63000 - Axis Securities
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Gold
MCX Gold opened on a flat note and buying momentum throughout the session. The price is moving ina Higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend. Gold is trading above 9,21&60 hourly SMA's indicating positive bias in the ntraday.
BUY GOLD ABOVE 51200 SL BELOW 51000 TGT 51430/51600
Silver
MCX Silver opened with a downward gap and traded with extreme volatility on either side and gained the bullish momentum at the end. The chart pattern suggests that if Silver crosses and sustains above 61700 level it would witness buying which would push It towards 62500- 63000 levels. Important support for the day is around 61000.
BUY SILVER ABOVE 61700 SL BELOW 61000 TGT 62500/63000
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