Sell Gold Below 47300 SL Above 47500 TGT 47050/46900 - 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 47300 would drag the price lower towards 47050/46900 levels intraday. Death crossover seen in which 100 EMA shows crossing bearishness over 60 in EMA the rices.
SELL GOLD BELOW 47300 SL ABOVE 47500 TGT 47050/46900
Crude Oil
MCX Crude oil price is trading near strong resistance levels, price is expected to trade positively. Any breakout above 5400 would push the price higher towards 5470/5500 levels intraday. The price has started trading above 9,21&60 hourly EMA which is a bullish sign for the prices.
BUY CRUDE OIL ABOVE 5400 SL BELOW 5350 TGT 5470/5500
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