Gold has strong opening seen after US Fed gave dovish statement - Tradebulls Securities
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Gold
Gold has strong opening seen after US Fed gave dovish statement. We expect the upside to continue so buy on dips near 62000 for tgt of 62450 and stoploss of 61800.
Crude Oil
Crude Oil is looking at some profit booking, trend still is negative but value buying is emerging so buy on dips near 5990 for tgt of 6090 and stoploss of 5920.
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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