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Sell Gold Below 47050 SL Above 47200 TGT 46800/46700 - Axis Securities
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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
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