Sell Gold Below 46700 SL Above 46900 TGT46450/46300 - Axis Securities Ltd
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Gold
MCX Gold price is trading inside the some descending triangle pattern, price is L are05 expected to trade negatively. Any nase break down below 46700 would drag 4738 the price lower towards 46450/46300 oo levels intraday. The price has started trading below 9,21&60 hourly EMA artod which is a bearishign for the prices.
SELL GOLD BELOW 46700 SL ABOVE 46900 TGT46450/46300
Nickel
MCX Nickel price has given negative breakout from expanding triangle pattern, price is expected to trade negatively. Sustaining below 1475 would drag the price lower towards 1460/1455 levels intraday. The momentum indicator RSI is trading at 36 it is forming lower lows which is a negative sign for the prices.
SELL NICKEL BELOW 1475 SL ABOVE 1485 TGT 1460/1455
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