Sell Gold Below 48000 S ABOVE 48200 TGT 47700/47500 - Axis Securities Ltd
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GOLD
MCX Gold price has been sustaining pe below horizontal support line, price is L sos00 expected to trade negatively. L sooo Sustaining below 48000 would push the price lower towards 47700/47500 po levels in intraday. The price has ps started trading below 9,21&60 EMA b 48263 which is a bearish sign for the prices.
SELL GOLD BELOW 48000 S ABOVE 48200 TGT 47700/47500
CRUDE OIL
MCX Crude oil price has given a | bullish breakout, price is expected to sso trade positively. Sustaining above | 500 4005 would push the price higher seen towards 4060/4080 levels in intraday. saoe The momentum indicator RSI is 3780 trading at 76 and it is forming higher fF 3700 highs and higher lows which is a seso bullish sign for the prices.
BUY CRUDE OIL ABOVE 4005 SL BELOW 3960 TGT 4060/4080
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