Sell Gold Below 58250 SL Above 58450 TGT 58000/57800 - Axis Securities Ltd
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Gold
MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Gold breaks and sustains below 58250 level it would witness selling which would Gold the price towards 58000-57800 levels.Important resistance for the day is placed at 58600.
SELL GOLD BELOW 58250 SL ABOVE 58450 TGT 58000/57800
Crudeoil
MCX Crudeoil opened with an upward gap and remained in positive terrain throughout the day. The chat pattern suggests that if crudeoil crosses and sustains above 6830 level it would witness buying which would push the price towards 6970-7050 levels.Important support for the day is around 6700.
BUY CRUDEOIL ABOVE 6830 SL BELOW 6730 TGT 6970/7050
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