Sell Gold Below 47050 SL Above 47200 TGT 46800/46700 - Axis Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Gold
MCX Gold price is trading inside the descending triangle pattern, price is expected to trade negatively. Any breakdown below 47050 would drag the price lower towards 46800/46700 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL GOLD BELOW 47050 SL ABOVE 47200 TGT 46800/46700
Copper
MCX Copper price has formed resistance near 50% retracement level,price is expected to trade negatively.Sustaining below 711 would drag the price lower towards 705.50/700 levels in intraday. The price is well placed below 100 EMA which shows bearishness in the prices.
SELL COPPER IN THE RANGE OF 711-711.50 SL ABOVE 716 TGT 705.50/700
To Read Complete Report & Disclaimer Click Here
For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home
SEBI Registration number is INZ000161633
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
