Sell Gold Below 48450 Sl Above 48650 TGT 48200/48100 - Axis Securities Ltd
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GOLD
MCX Gold price has given a negative breakout from the trend line, price is expected to trade negatively. Any breakdown below 48450 would drag the price lower towards 48200/48100 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL GOLD BELOW 48450 SL ABOVE 48650 TGT 48200/48100
NICKEL
MCX Nickel price has given negative breakout from rising trend line channel, Price is expected to trade negatively Any fall below 1310 would drag the price lower towards 1295/1290 levels in intraday. The momentum indicator RSI is trading at 45 it shows bearishness in the prices.
SELL NICKEL BELOW 1310 SL ABOVE 1320 TGT 1295/1290
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