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Sell Gold Below 51500 SL Above 51700 TGT 51200/51100 - Axis Securities
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Gold
MCX Gold price has given a negative breakout from descending triangle pattern, price is expected to trade negatively. Sustaining below 51500 would drag the price lower towards 51200/51100 levels intraday. The price has been trading below 9,21&60 hourly EMA which is a bearishness in the prices.
SELL GOLD BELOW 51500 SL ABOVE 51700 TGT 51200/51100
Zinc
MCX Zinc price is trading near the strong support level, price is expected to trade negatively. Sustaining below 310.50 would drag the price lower towards 308/307 levels in intraday. The price has been trading below 60&100 hourly EMA which is a bearishness in the prices.
SELL ZINC BELOW 310.50 SL ABOVE 312 TGT 308/307
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