Sell Gold Below 46700 SL Above 46900 TGT 46450/46300 - Axis Securities
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Gold
MCX Gold price is trading inside the descending triangle pattern, price is expected to trade negatively. Any break down below 46700 would drag the price lower towards 46450/46300 levels intraday. The price has been trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL GOLD BELOW 46700 SL ABOVE 46900 TGT 46450/46300
Silver
MCX Silver price has given negative breakout from expanding triangle pattern, price is expected to trade - 24500 negatively. Sustaining below 63500 would drag the price lower towards ease 63000/62700 levels in intraday. The momentum indicator RSI is trading at 28 soos it shows bearishness in the prices.
SELL SILVER BELOW 63500 SL ABOVE 63900 TGT 63000/62700
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