Buy Gold Above 61400 SL Below 61200 TGT 61700/61900 - 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
BUY COPPER ABOVE 712 SL BELOW 708 TGT 717/720
MCX Copper opened on a flat note and buying momentum throughot the session let it trade near the day`s high. The price is moving in Higher Top and Higher Bottom formation on the chart indicating sustained up trend.Copper continues to be our preferred strategy.
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