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Gold has fallen sharply after high US CPI data - Tradebulls Securities Pvt Ltd
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Gold
Gold has fallen sharply after high US CPI data. Now some recovery is being witnessed. Buy on dips is recommended near 62000 for tgt of 62350 and stoploss of 61850.
Crude Oil
Crude Oil has fallen after weak demand news. There is some buying emerging at lower levels due to Red Sea escalations but not sustaining. Selling pressure is seen around 6550-6600. Sell on rise near 6550 for tgt of 6400 and stoploss of 6625.
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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