Sell Gold Below 47900 SL Above 48100 TGT 47600/47500 - Axis Securities
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GOLD
MCX Gold price is forming strong resistance near 48300 and failing to break, price is expected to trade | sezoo negatively. Any breakdown below 47900 would drag the price lower towards 47600/47500 levels intraday. soo indi r *” The momentum indicator hourly RSI GOLD HOUREY CHART is trading at 50 and it is forming lower oe lows which is a bearishness forthe |" prices.
SELL GOLD BELOW 47900 SL ABOVE 48100 TGT 47600/47500
ALUMINIUM
MCX Aluminium price is trading near L 254 the support of pennant formation, s 361 Price is expected to trade negativelyn Any breakdown below 230.50 would [ALUMINIUM HOURLY CHART] rite drag the price lower towards 229/228 levels intraday. The price has been 4 trading below 9,21&60 hourly EMA L 220 which is a negative sign for the prices.
SELL ALUMINIUM BELOW 230.50 SL ABOVE 232 TGT 229/228
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