Buy Silver Around 71000 SL Below 70700 TGT 71300/71600 - Axis Securities
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GOLD
Gold prices edged higher in last session. Prices made a new multi year high and closed around 54200 level. Near term trend is looking positive for prices as it is trading above 9 and 20 days EMA and it closed above upper bollinger band indicating high volatitlity on the upside. Traders can buy Gold around 54000 for the target of 54150 on intraday basis.
BUY GOLD AROUND 54000 SL BELOW 53900 TGT 54150/54300
SILVER
Silver prices edged higher in last trading session. On daily chart prices is trading above 60 days EMA and RSI is above 60 level which is a positive sign for prices. Traders can buy Silver around 71000 on dips for the target 71300 on intraday basis.
BUY SILVER AROUND 71000 SL BELOW 70700 TGT 71300/71600
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