Sell Gold Below 47300 SL Above 47530 TGT 47000/46900 - Axis Securities
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Gold
MCX Gold price is trading near the support of descending triangle pattern, price is expected to trade negatively. Any breakdown below 47300 would drag the price lower towards 47000/46900 levels intraday. The price has been trading below 60&100 hourly EMA which is a bearishness in the prices.
SELL GOLD BELOW 47300 SL ABOVE 47530 TGT 47000/46900
Zinc
MCX Zinc price saw a pullback after testing trend line support, price is expected to trade positively. Sustaining above 289 would push the price higher towards 291.50/292.50 levels in intraday. The price has started trading above 20 hourly EMA which is a bullishness in the prices.
BUY ZINC IN THE RANGE OF 289-288.50 SL BELOW 287 TGT 291.50/292.50
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