Buy Gold Above 72850 SL BELOW 72600 TGT 73150/73400 - Axis Securities Ltd
Gold
MCX Gold opened with an upward gap and remained in positive terrain throughout the day. The price is moving in a Higher Top and Higher Bottom formation on the daily chart indicating a sustained up trend. Gold continues to remain in an uptrend for the intraday, so buying on dips continues to be our preferred strategy.
BUY GOLD ABOVE 72850 SL BELOW 72600 TGT 73150/73400
Crudeoil
MCX Crudeoil opened on a positive note and extended buying momentum in the first half of the session. The chart pattern suggests that if Crudeoil crosses and sustains above 7200 level it would witness buying which would push the price towards 7300-7350 levels. Important support for the day is around 7130 level.
BUY CRUDEOIL ABOVE 7200 SL BELOW 7130 TGT 7300/7350
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