Sell Gold Below 46700 SL Above 46900 TGT 46500/46400 - Axis Securities
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Gold
MCX Gold price is trading inside the Drone descending triangle pattern, price is payee expected to trade negatively. Any Davee breakdown below 46700 would drag Pp “788 the price lower towards 46500/46400 levels intraday. The price has been ee . 4r18o trading below 60&100EMA which is a L arias bearish sign for the prices.
SELL GOLD BELOW 46700 SL ABOVE 46900 TGT 46500/46400
Crude Oil
MCX Crude oil price has given a Psisec bullish breakout from consolidation E range, price is expected to trade positively. Sustaining above 5170 would push the price higher towards 5250/5270 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a positive sign for the prices.
BUY CRUDE OIL IN THE RANGE OF 5170 -5160 SL BELOW 5130 TGT 5250/5270
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