Sell Gold Around 45950 SL Above 46050 TGT 45850/45750 - Axis Securities
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GOLD
Gold prices edged lower in last trading session after prices broke the support zoe of 46000 and it drifted lower towards 45700 level on intraday basis. On hourly chart prices is trading below 9 and 20 days EMA which is a negative sign for prices as well as RSI is below 40 level indicating low momemtum in prices. Traders can sell Gold around 45950 for the target of 45850 on intraday basis
SELL GOLD AROUND 45950 SL ABOVE 46050 TGT 45850/45750
CRUDE OIL
Crude oil prices edged higher in last session after prices rallied as it broke the immediate resistance level of 5550. On hourly chart prices is trading below upper bollinger band which is a negative sign for prices as well as RSI is below 60 level indicating low momemtum in prices. Traders can my sell Crude oil on rise around 5600 level for the target of 5630 level on intraday basis.
SELL CRUDE OIL AROUND 5600 SL ABOVE 5630 TGT 5570/5520
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