Buy Gold Above 56300 SL Below 56100 TGT 56600/56800 - Axis Securities
Gold
MCX Gold opened with a downward gap and traded with extreme volatility on either side and gained bullish momentum at the end of the day. he chart pattern suggests and sustains above 56300 level it would witness buying which would push the price towards 6600-56800 levels. Important support is around 55900.
BUY GOLD ABOVE 56300 SL BELOW 56100 TGT 56600/56800
Silver
MCX Silver opened with a downward gap and traded with extreme volatility on either side and gained bullish momentum at the end of the day. On the hourly chart Silver is trading above 20 and 60 hourly EMA’s indicating positive bias in the intraday. On the daily chart the It has formed a Bullish candle with a long lower shadow indicating buying at lower levels.
BUY SILVER ABOVE 65800 SL BELOW 65200 TGT 66600/67300
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