Sell Zinc Below 241.50 SL Above 242.50 TGT 240/239 - Axis Securities
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Gold
MCX Gold price has given a negative breakout from strong support level, Price is expected to trade negatively. Sustaining below 47300 would drag the price lower towards 47000/46900 levels intraday. The price has started trading below 60&100 EMA which is bearishness in the prices.
SELL GOLD BELOW 47300 SL ABOVE 47500 TGT 47000/46900
Zinc
MCX Zinc price is trading inside the bearish rising wedge pattern, price is expected to trade negatively. Any breakdown below 241.50 would drag down the price lower towards 240/239 levels in intraday. The momentum failing to hit higher highs which shows weakness in the prices.
SELL ZINC BELOW 241.50 SL ABOVE 242.50 TGT 240/239
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