Buy Silver Above 66100 SL BELOW 65700 TGT 66800/67400 - Axis Securities
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Gold
MCX Gold opened with a downward gap but witnessed buying in the second half of the session which pushed prices to day's high. The daily strength indicator RSI] 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 54000 SL BELOW 53800 TGT 54250/54500
Silver
MCX Silver opened on a flat note and buying momentum throughout the session let it to trade near the day's high. The chart pattern suggests that if Silver crosses and sustains above 66100 level it would witness buying which would push the price towards 66800-67400 levels. Important support for the day is around 65000.
BUY SILVER ABOVE 66100 SL BELOW 65700 TGT 66800/67400
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