Sell Gold Below 59100 SL Above 59300 TGT 58800/58600 - 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 59100 level it would witness selling which would drag the price towards 58800-58600 levels. Important resistance for the day is placed at 59500.
SELL GOLD BELOW 59100 SL ABOVE 59300 TGT 58800/58600
Copper
MCX Copper opened with a dowanward gap and traded with extreme volatility on either side of the day. The chart pattern suggests that if Copper breaks and sustainds below 736 level it would witness selling which would drag the price towards 731-727 levels. Important resistance for the day is placed at 740.
SELL COPPER BELOW 736 SL ABOVE 740 TGT 731/727
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