Sell Gold Below 49200 SL Above 49500 TGT 48800/48600 - Axis Securities
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Gold
MCX Gold opened on a flat note and witnessed extreme volatility on either side for most part of the session. The chart pattern suggests that if Gold breaks and sustains below 49200 level drag the price towards 48800-48600 levels. Important resistance for the day is placed at 49500.
SELL GOLD BELOW 49200 SL ABOVE 49500 TGT 48800/48600
Silver
MCX Silver opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Silver breaks and sustains below 55200 level it would witness selling which would drag the price towards 54500-54000 levels. Important resistance for the day is placed at 56000.
SELL SILVER BELOW 55200 SL ABOVE 55700 TGT 54500/54000
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