IGI Logo

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

To Read Complete Report & Disclaimer Click Here
 

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer