Sell Gold Below 46700 Sl Above 46900 TGT 46450/46300 - Axis Securities Ltd
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GOLD
MCX Gold price is trading near the support level inside the consolidation range, price is expected to trade negatively. Any breakdown below 46700 would drag down the price lower towards 46450/46300 levels intraday. The momentum indicator RSI is trading at 39 and it is forming lower lows with negative divergence which is negative sign for the prices.
SELL GOLD BELOW 46700 SL ABOVE 46900 TGT 46450/46300
NICKEL
MCX Nickel price is trading near the resistance of inside bullish falling wedge, price is expected to trade positively. Any breakout above 1356 would push the price higher towards 1369/1374 levels intraday. The price has been trading above 100 EMA which is a bullish sign for the prices.
BUY NICKEL ABOVE 1356 SL BELOW 1346 TGT 1369/1374
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