Buy Gold Around 58100 SL Below 57900 TGT 58300/58500 - Axis Securities
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GOLD
Gold price opened with a upward gap in the morning session. Prices broke the immediate resistance zone of 58100 level and rallied all the way up till 58300.On the hourly chart it is trading above 20 and 60 EMA and RSlis also aboveits reference line which indicate that momentum is strong on the upside. Trades can buy Gold on dips around 58100 level for the target of 58200 on intraday basis.
BUY GOLD AROUND 58100 SL BELOW 57900 TGT 58300/58500
CRUDE OIL
Crude oil prices opened with a upward gap in the morning session. prices rallied after it broke the strong resistance zone of zone of 7000 and touched 7180 level On hourly chart it closed above 9 EMA and RSI is also above its reference line which indicate that momentum is strong on the upside. Traders can buy Crude oil on dips around 7100 for the target of 7160 on intraday basis.
BUY CRUDE OIL AROUND 7100 SL BELOW 7050 TGT 7160/7200
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