Sell Gold Below 47900 SL Above 48100 TGT 47650/47500 - Axis Securities
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Gold
MCX Gold price is trading under a descending triangle pattern, price is ese expected to trade negatively. Any breakdown below 47900 would drag the price lower towards 47650/47500 in| intraday. The price has started trading below 9,21&60 hourly EMA which is a teas. bearishness in the prices.
SELL GOLD BELOW 47900 SL ABOVE 48100 TGT 47650/47500
Silver
MCX Silver price has given negative breakout from descending triangle pattern, price is expected to trade negatively. Sustaining below 61700 would drag the price lower towards 61000/60700 levels intraday. The price has started trading below 100 hourly EMA which is a bearishness in the price
SELL SILVER BELOW 61700 SL ABOVE 62300 TGT 61000/60700
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