Buy Silver Above 69500 SL Below 69200 TGT 69900/70400 - Axis Securities
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GOLD
Gold prices gave a breakout and closed above 56000 level for the first time in last 8 months which is a positive sign. On daily chart it has formed a large bullish candle and has closed above previous session high. It is trading above 20 and 9 days ema whcih is a bullish sign. Traders can buy Gold on dips around 56160 for the target of 56350 on intraday basis
BUY Gold AROUND 56160 SL BELOW 56000 TGT 56350/56450
SILVER
Silver prices closed on a positive note in last session. Prices was up by more than 700 points. On daily chart momentum indciator RSI is above its reference line which is a positive sign for prices. On daily chart price is trading above 20 and 60 days EMA which is a bullish sign. Prices has given a breakout and has closed above 69000 level which is a positive sign for prices. Traders can buy Silver around 69500 for the target of 70000 on intraday basis.
BUY SILVER ABOVE 69500 SL BELOW 69200 TGT 69900/70400
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