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Gold is trading neutral The prices are below 20 and 50 DMA and trend is now neutral - Tradebulls Securities
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GOLD CHART (Hourly)
Gold is trading neutral. The prices are below 20 and 50 DMA and trend is now neutral. Sell on rise near 59600 for tgt of 59300 and stoploss of 59750.
CRUDE CHART
Crude Oil might see some profit booking but on chart, there is no reversal so buy on dips near 6740 for tgt of 6900 and stoploss of 6650.
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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