Sell Gold Below 59700 SL Above 59900 TGT 59400/59200 - Axis Securities
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Gold
MCX Gold opened on a flat note and witnessed selling for most part of the session. The chart pattern suggests that if Gold breaks and sustains below 59700 level it would witness selling which would drag the price towards 59400-59200 levels. Important e resistance for the day is placed at fo L 60300.
SELL GOLD BELOW 59700 SL ABOVE 59900 TGT 59400/59200
Silver
MCX Silver opened on a flat note and a eo witnessed selling for most part of the a session. The hourly strength indicator RSIlis moving downwards and is Teooo quoting below its reference line mass LL. THSooo indicating negative bias. Silver continues to remain in a downtrend Ve ioc in the short to medium term, so 73500 selling on rallies continues to be our Fao preferred strategy.
SELL SILVER BELOW 74000 SL ABOVE 74600 TGT 73200/72700
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