Buy Copper Above 712 SL Bellow 708 TGT 717/720 - Axis securities Ltd
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Gold
MCX Gold opened with an upward gap and remained lackluster within a narrow trading range throughout the day. The chart pattern suggests that if Gold crosses and sustains above 61400 level it would witness buying which would push the price towards 61700-61900 levels.Important support for the day is around 60800.
BUY GOLD ABOVE 61400 SL BELOW 61200 TGT 61700/61900
Copper
MCX Copper opened on a flat note and buying momentum throughout the session let it trade near the day`s high. The price is moving in a Higher Top and Higher Bottom formation on the hourly chart indiacting sustained up trend. Copper continues to ramain in an uptrend in the intraday,so buying on dips continues to be our preferred strategy.
BUY COPPER ABOVE 712 SL BELOW 708 TGT 717/720
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