Sell Gold Below 61100 SL Above 61300 TGT 60800/60400 - Axis Securities
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Gold
MCX Gold opened with an upward gap and witnessed selling for the first part of the session. The chart pattern suggests that if Gold crosses and sustains below 61100 levels it would witness selling which would drag the price towards 60800-60400 levels.Important resistance for the day is around 61700.
SELL GOLD BELOW 61100 SL ABOVE 61300 TGT 60800/60400
Crudeoil
MCX Crudeoil opened on a flat note and remained in a small range throughout the day.The chart pattern suggests above 5750 levels it would witness buying which would push the price towards 5950-6000 levels.Important support for the day is around 5600.
BUY CRUDEOIL ABOVE 5750 SL BELOW 5600 TGT 5950/6000
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