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Sell Gold Below 48000 Sl Above 48100 TGT 47900/47800 - Axis Securities
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Gold
Gold prices closed on a NEGATIVE note in last trading session. Price closed near the immediate SUPPORT zone of 48000 level . ON HOURLY Chart prices is trading BELOW 20 and 9 days EMA which is a NEGATIVE sign for prices. Breakout below 48000 level may push prices lower towards 47800 on intraday basis.
SELL GOLD BELOW 48000 SL ABOVE 48100 TGT 47900/47800
COPPER
Copper prices edged lower in last trading session. On hourly chart prices closed below 20 EMA and RSI is also above 60 level which is a negative sign for prices. Any rallies around 755 may be used as an selling opportunity for the target of 752 on intraday basis.
SELL COPPER AROUND 755 SL ABOVE 758 TGT 752/749
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