Sell Gold Below 44500 SL ABOVE 44700 TGT 44200/44100 - Axis Securities
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GOLD
MCX Gold price has given negative breakout from ascending triangle pattern, price is expected to trade negatively. Sustaining below 44500 would drag the price lower towards 44200/44100 levels in intraday. The price has started trading below 9,21&60 hourly EMA which is a negative tive sign sign for tor the € Prices. prices.
SELL GOLD BELOW 44500 SL ABOVE 44700 TGT 44200/44100
NICKEL
MCX Nickel price is trading near resistance level of consolidation range,| Price is expected to trade positively. Any breakout above 1195 would push the price higher towards 1206/1212 in intraday. The momentum indicator RSI is trading at 66 it is forming higher highs and higher lows which is a bullish sign for the prices.
BUY NICKEL ABOVE 1195 SL BELOW 1188 TGT 1206/1212
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