Sell Gold Below 44550 SL ABOVE 44750 TGT 44300/44200 - Axis Securities Ltd
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GOLD
MCX Gold price is trading inside the falling trend line channel, price is expected to trade negatively. Any fall below 44550 next leg of the correction would drag down the price lower towards 44300/44200 levels in intraday. The momentum indicator RSI is trading at 36 it shows bullishness in the prices.
SELL GOLD BELOW 44550 SL ABOVE 44750 TGT 44300/44200
COPPER
MCX Copper price has given negative breakout, price is expected to trade negatively. Any pullback should be used for selling opportunities in the price. Price has started trading below 9,21&60 hourly EMA which is a negati ign for th i " sign or ie prices.
SELL COPPER IN THE RANGE OF 673-674 SL ABOVE 678 TGT 666/663
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