Sell Gold Below 45800 SL Above 46000 TGT 45550/45450 - Axis Securities Ltd
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Gold
MCX Gold price is trading near the strong support of the consolidation range, price is expected to trade negatively. Any breakdown below 45800 would drag the price lower towards 45550/45450 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bullish sign for the prices.
SELL GOLD BELOW 45800 SL ABOVE 46000 TGT 45550/45450
Zinc
MCX Zinc price is trading near the support of rising trend line, price is expected to trade negatively. Any breakdown below 257.50 would drag the price lower towards 255/254 in intraday. The momentum indicator RS] is trading at 49 it is forming lower lows which is a negative sign for the prices.
SELL ZINC BELOW 257.50 SL ABOVE 259 TGT 255/254
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