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 Oil
Crude Oil has seen strong upside momentum but has corrected after USD bounce. Now sharp correction is being witnessed so sell on rise near 7100 for tgt of 6900 and stoploss of 7250.
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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