Gold has traded strong on the upside side due to escalation of Middle East - Tradebulls Securities Pvt Ltd
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GOLD
Gold has traded strong on the upside side due to escalation of Middle East. Buy on dips should be the strategy around 60800 for tgt of 61500 and stoploss of 60600.
CRUDE
Crude Oil is looking at some profit booking. Crude oil is below 200 DMA so sell on rise near 6850 for tgt of 6700 and stoploss of 6950.
BASE METAL UPDATES
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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