Buy Gold Around 64800 SL BELOW 64600 TGT 65100- Axis Securities Ltd
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Gold
Gold prices extended the winning streak for FIVE in a row. Prices made a new 52 week high in the last session and settled around 65200 level by gaining more than 0.50 percent. Bulls are dominating the current rally backed by series of weak data from US boosting precious metals appeal. Technical parameters are in the favour of buyers. Traders can buy Gold on dips around 64800 for the target of 65100 on intraday basis.
BUY GOLD AROUND 64800 SL BELOW 64600 TGT 65100
Crude oil
Crude oil prices closed higher in the last session. Price settled around 6589 and was up by more than 1.7 percent. On the daily chart prices closed above 9 EMA and RSI is also above its reference line which indicate that momentum is strong for prices.Buy on dip is recommended in Crude oil for intraday basis.
BUY CRUDE OIL AROUND 6540 SL 5470 TGT 6620
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