Sell Gold Below 58450 SL Above 58650 TGT 58200/58000 - Axis Securities Ltd
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Gold
MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session. The chart pattern suggests that if Gold breaks and sustains below 58450 level it would witness selling which would drag the price towards 58200-58000 levels. Important resistance for the day is placed at 58600.
SELL GOLD BELOW 58450 SL ABOVE 58650 TGT 58200/58000
Naturalgas
MCX Naturalgas opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Naturalgas breaks and sustains below 214.50 level it would witness selling which would drag the price towards 208-204 levels. Important resistance for the day is placed at 222.
SELL NATURALGAS BELOW?21450 SL ABOVE 219 TGT 208/204
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