Sell Lead Below 173.50 SL ABOVE 174.50 TGT 172/171.50 - Axis Securities Ltd
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Gold
MCX Gold price is trading under a descending triangle pattern, price is expected to trade negatively. Any breakdownbelow 47250 next leg of the correction would drag down the price towards 47000/46800 levels in intraday The momentum indicator RSI is trading at 46 it shows bearishness in the prices.
SELL BELOW GOLD 47250 SL ABOVE 47400 TGT 47000/46800
LEAD
MCX Lead price failed to break it's previous high and price has formed a double top pattern, price is expected to trade negatively. Any fall below 173.50 next leg of the correction would drag down the price lower towards 172/171.50 levels in intraday.
SELL LEAD BELOW 173.50 SL ABOVE 174.50 TGT 172/171.50
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