01-01-1970 12:00 AM | Source: Axis Securities Ltd
Sell Gold Below 51500 SL Above 51700 TGT 51200/51100 - Axis Securities
News By Tags | #5481 #473

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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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