Gold

MCX Gold price is facing resistance near 38.2% retracement levels,price is expected to trade negatively.Sustaining below 50450 next leg of the correction would drag down the price lower towards 50310/50200 levels in intraday.Price has been trading below 60 hourly EMA which is a bearish sign for the prices.

SELL GOLD IN THE RANGE OF 50450.50470 SL ABOVE 50580  TGT 50310/50200

Zinc

MCX Zinc price is trading near the resistance  line of the rectangle pattern,price is expected to trade positively.Any breakout above 211.60 next leg of the rally would push the price higher towards 213/213.50 levels in intraday .The momentum indicator RSI is trading at 60 it shows bullishness in the prices and price has started trading above 20 &60 which is a positive sign.

BUY ZINC ABOVE211.60 SL  SL BELOW 210.20  TGT 213/213.50

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