Sell Gold Around 49300 Sl Above 49400 TGT 49200/49000 - 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 weaker dollar. However short term trend remain negative in Gold as long as 49300 is intact on the upper side on hourly closign basis. Moreover pricers is also trading below upper bollinger band indicating low momentim in prices. Traders can sell Gold around 49300 for the target of 49200 on intraday basis.
SELL GOLD AROUND 49300 SL ABOVE 49400 TGT 49200/49000
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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