Sell Gold Around 49200 Sl Above 49300 TGT 49100/49000 - Axis Securities Ltd
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GOLD
Gold prices traded volatile in last trading session. Prices closed on a green note on account on payroll data. However short term trend remain negative in Gold as long as 49200 is intact on the upper side on hourly closign basis. Moreover RSI is also trading below 60 level indicating low momentim in prices. Traders can sell Gold around 49200 for the target of 49100 on intraday basis.
SELL GOLD AROUND 49200 SL ABOVE 49300 TGT 49100/49000
COPPER
Copper prices edged higher in last session on account of bargain hunting by the investor. However ovrerall trend remain negative for prices as it is trading below 60 days EMA and RSI is also below 60 level indicating low momentum in prices. Traders can sell Copper around 747 for the target of 744 on intraday basis.
SELL COPPER AROUND 747 SL ABOVE 750 TGT 744/741
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