Sell Gold Below 72100 SL Above 72400 TGT 71700/ - Axis Securities Ltd
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Gold
MCX Gold opened sharply lower with a downward gap and selling pressure throughout the session dragged it lower to trade near the day's low. The chart pattern suggests that if Gold breaks and sustains below 72100 level it would witness selling which would drag the price towards 71700-71500 levels. Important resistance for the day is placed at 72600.
SELL GOLD BELOW 72100 SL ABOVE 72400 TGT 71700/71500
Zinc
MCX Zinc opened on a flat note and witnessed selling for most part of the session. The chart pattern suggests that if Zinc breaks and sustains below 267 level it would witness selling which would drag the price towards 264/262 levels. Important resistance for the day is placed at 271.
SELL ZINC BELOW 267 SL ABOVE 269 TGT 264/262
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