Gold is trading negative and now prices are facing pressure at higher levels - Tradebulls Securities
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Gold
Gold is trading negative and now prices are facing pressure at higher levels. The prices are below 20 and 50 DMA and trend is neutral to negative. Today sell on rise near 59000 for tgtof 58500 and stoploss of 59250
GOLD CHART (Hourly)
Crude Oil
Crude Oil is positive as every dip there is buy opportunity. It is trading above 20 and 50 DMA with RSI in overbought zone. Buy on dips is recommended near 5800 for tgt of 5875 and stoploss of 5750
CRUDE CHART (Hourly)
Base metals
Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform.
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