Sell Gold Below47700 SL Above 47900 TGT 47450/47300 - Axis Securities
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Gold
MCX Gold price is facing resistance near the falling trend line, price is expected to trade negatively. Any breakdown below 47700 would drag the price lower towards 47450/47300 levels intraday. The price has started trading below 9,21&60 hourly EMA which is bearishness in the prices.
SELL GOLD BELOW 47700 SL ABOVE 47900 TGT 47450/47300
Copper
MCX Copper price is forming lower me lows and lower highs, price is expected to trade negatively. Any breakdown below 741 would drag the price lower towards 735/732 levels 7 rs intraday. The price has started trading below 60100 hourly EMA which is a pat bearishness in the prices.
SELL COPPER BELOW 741 SL ABOVE 745 TGT735/732
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