Sell Gold Below 46800 SL ABOVE 47000 TGT 46500/46400 - Axis Securities Ltd
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GOLD
MCX Gold price has given negative breakout from descending triangle pattern, price is expected to trade negatively. Sustaining below 46800 next leg of the correction would drag down the price lower towards 46500/46400 levels inintraday.The = [ price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL GOLD BELOW 46800 SL ABOVE 47000 TGT 46500/46400
CRUDE OIL
MCX Crude oil has given a consolidation range breakout, price is expected to trade positively. Any breakout above 4725 next leg of the rally would push the price higher towards 4800/4820 levels in intraday. The price has started trading above 60 hourly EMA which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 4725 SL BELOW 4690 TGT 4800/4820
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