Sell Gold Below 60200 SL Above 60400 TGT 59900/59700 - Axis Securities
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Gold
MCX Gold opened on a flat note and remained in a small range throughout the day. The chart pattern suggests that if Gold breaks and sustains below 60200 level it would witness selling which would drag the price towards 59900-59700 levels. Important resistance for the day is placed at 60500.
SELL GOLD BELOW 60200 SL ABOVE 60400 TGT 59900/59700
Silver
MCX Silver opened on a flat note and witnessed extreme volatility on either side for most part of the session. The hart pattern suggests thatt if Silver breaks and sustains below 70300 level it would witness selling which would drag the price towards 69500-69000 levels. Important resistance for the day is placed at 71200.
SELL SILVER BELOW 70200 SL ABOVE 70600 TGT 69500/69000
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