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GOLD

MCX Gold opened on a flat note and buying momentum throughout the session The price is moving in a higher Top and Higher Bottom formation on the hourly chart indicating sustained up trend. The hourly strength indicator RSI is moving upwards and is above its line, reference indicating positive bies.

BUY GOLD ABOVE 53200 SL BELOW 53300 TGT 53450/53600

ZINC

MCX Zinc opened with an upward gap and remained in positive terrain throughout the day. The chart pattern suggests that if Zinc crosses and sustains above 380 level it would witness buying which would lead It towards 383-385 levels. Important Support for the day is around 373.

BUY ZINC ABOVE 380 SL BELOW 378 TGT 383/385

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