Gold
* Nearby Support: 72,700/ 72,400/ 72,100
* Nearby Resistance: 73,600/ 73,900/ 74,200
* Nearby Gaps: NONE
* Nearby Camarilla Levels: 73,400 (S), 73,650 (R)
BUY GOLD ABOVE 73600 SL BELOW 73300 TGT 74000/74300
Silver
* Nearby Support: 89,500/ 88,800/ 88,000
* Nearby Resistance: 90,600/ 91,100/ 91,800
* Nearby Gap(s): NONE
* Nearby Camarilla Levels: 90,000 (S), 90,600 (R)
BUY SILVER ABOVE 90600 SL BELOW 90...
Buy Crudeoil Above 6015 SL Below 5950 TGT 6100/6150 - Axis Securities Ltd
Below the Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Comex Gold prices surged to a record high of $2,617.40 on Monday, driven by a weaker US dollar amid growing expectations of a significant rate cut. The CME FedWatch Tool now indicates a 67% chance of a 50 basis point rate cut by the Fed, up from 50%, with a 33% probability of a 25 basis point cut. Geopolitical risks, particularly in the Middle East, and an alleged assassination at...
Quote on Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities