Sell Gold Below 47300 SL Above 47450 TGT 47100/47000 - Axis Securities
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Gold
MCX Gold price has given negative breakout from rising trend line, price is expected to trade negatively. Sustaining below 47300 would drag the price lower towards 47100/47000 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearish sign for the prices.
SELL GOLD BELOW 47300 SL ABOVE 47450 TGT 47100/47000
Natural Gas
MCX Natural gas price is trading near strong support level, price is expected to trade negatively. Sustaining below 286 would drag the price lower towards 281/278 levels in intraday. The momentum indicator RSI is trading at 45 and it is forming lower lows which is a bearish sign for the prices.
SELL NATURAL GAS BELOW 236 SL ABOVE 290 TGT 281/278
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