Sell Gold Below 51350 SL Above 51600 TGT 51000/50900 - Axis Securities
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Gold
MCX Gold price is trading near the strong support levels, price is expected to trade negatively. Any break down below 51350 would drag the price lower towards 51000/50900 levels intraday. The momentum indicator RSI is trading at 43 and it is forming lower lows which is a bearishness ess in in the the prices
SELL GOLD BELOW 51350 SL ABOVE 51600 TGT 51000/50900
Natural Gas
MCX Natural gas price is trading inside the ascending triangle pattern, price is expected to trade positively. Any breakout above 380 would push the price higher towards 395/400 levels intraday. The price has been trading above 60 hourly EMA which is a bullishness in the prices.
BUY NATURAL GAS ABOVE 380 SL BELOW 370 TGT 395/400
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