Sell Gold Below 58900 SL Above 59100 TGT 58600/58400 - Axis Securities
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Gold
MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session dragged it trade near the day's low. The chart pattern suggests that if Gold breaks and sustains below 58900 level it would witness selling which would drag the price towards 58600-58400 levels. Important resistance for the - Seeee day is placed at 59400.
SELL GOLD BELOW 58900 SL ABOVE 59100 TGT 58600/58400
Crudeoil
MCX Crudeoil opened with downward gap and selling pressure throughout the session. The chart pattern suggests that if Crudeoil breaks and sustains below 7350 level it would witness selling which would drag the price towards 7200-7100 levels. Important resistance for the ay 1s placed at 7500.
SELL CRUDEOIL BELOW 7350 SL ABOVE 7450 TGT 7200/7100
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