Buy Gold Above 69800 SL BELOW 69600 TGT 70100/70300 - Axis Securities Ltd
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Gold
MCX Gold opened on a gap down note and witnessed buying momentum for the first part of the session. The chart pattern suggests that if Gold crosses and sustains above 69800 level it would witness buying which would push the price towards 70100-70300 levels. Important support for the day is around 69200.
BUY GOLD ABOVE 69800 SL BELOW 69600 TGT 70100/70300
Copper
MCX Copper opened with a downward gap and traded with extreme volatility on either side. The chart pattern suggests that if Copper crosses and sustains above 802 level it would witness buying which would push the price towards 807-811 levels. Important support for the day is around 796.
BUY COPPER ABOVE 802 SL BELOW 798 TGT 807/811
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