SellGold Below 52200 Sl Above 52400 TGT 51900/51800 - Axis Securities
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Gold
MCX Gold price is trading near the support of descending triangle pattern, price is expected to trade negatively. Any breakdown below 52200 would drag the price lower towards 51900/51800 levels intraday. The price has started trading below 9,21&60 hourly EMA which is a bearishness in the prices.
SELL GOLD BELOW 52200 SL ABOVE 52400 TGT 51900/51800
Copper
MCX Copper price is trading near the strong support levels, price is BES expected to trade negatively.sao Sustaining below 794 would drag the 830 price lower towards 786/782 levels intraday. The momentum indicator 820 is trading at 25 and it is forming - 810 lower lows which is a bearishness in 797.25 the prices.
SELL COPPER BELOW 794 SL ABOVE 800 TGT 786/782
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