Sell Gold Below 58800 SL Above 59000 TGT 58550/58400 - Axis Securities Ltd
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Gold
MCX Gold opened on a flat note and witnesses extreme volatility on either side for most part of the session. The chart pattern suggests that if Gold breaks and sustains below 58800 level it would witness selling below which would drag the price towards 58550-58400 leveles.Important resistance for the day is placed at 59100.
SELL GOLD BELOW 58800 SL ABOVE 59000 TGT 58550/58400
Silver
MCX Silver opened with a downward gap and traded with volatility on either side. The chart pattern suggests that if silver breaks and sustains below 69700 level it would witness selling which would drag the price towards 68900-68600 levels.Important resistance for the day is placed at 70500.
SELL SILVER BELOW 69700 SL ABOVE 70200 TGT 68900/68600
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