Sell Gold Below 47850 SL Above 48000 TGT 47600/47500 - Axis Securities
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Gold
MCX Gold price is trading under Pressure since trend line breakout, price is expected to trade negatively. Sustaining below 47850 would drag the price lower towards 47600/47500 Levels intraday. The price has started tranding below 60&100 EMA which is a bearish sign for the prices.
SELL GOLD BELOW 47850 SL ABOVE 48000 TGT 47600/47500
Natural Gas
MCX Natural gas price is trading near the resistance of the symmetrical triangle pattern, price is expected to trade positively. Any breakout above 279 would push the price higher towards 285/288 levels intraday. The momentum indicator RSI is trading at 66 and it is forming higher highs which is positive sign for the prices.
BUY NATURAL GAS ABOVE 279 SL BELOW 274 TGT 285/288
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