Gold is below 50 and 20 day moving average - Tradebulls Securities
Gold
Gold is below 50 and 20 day moving average. Today before Jackson meet, we might see some profit booking so sell on rise near 51700 for tgt of 51400 and stoploss of 51850
Crude Oil
Crude Oil has made bottom and is now looking strong. Buy on dips is recommended for tgt of 7650 and stoploss of 7400.
Basemetal Update
Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel and Aluminum continues to outperform.
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