Gold has corrected post FOMC meet - Tradebulls Securities
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GOLD
Gold has corrected post FOMC meet. Now some bounce back may come as RSI_14 is in oversold region.so buy on dips in small qty near 56400 for tgt of 57000 and stoploss of 56250.
CRUDE
Crude Oil has seen strong upside momentum but has corrected after USD bounce. 7300 is the support and buy on dips near 7340 for tgt of 7440 and stoploss of 7300.
BASE METAL UPDATE
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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