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Gold is showing signs of profit booking after strong correction - Tradebulls Securities Pvt Ltd
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GOLD
Gold is showing signs of profit booking after strong correction. Buy on dips near 69700 for tgt of 70300 and stoploss of 69500.
Crude Oil
Crude Oil has started recovery after geopolitical tension increasing but the yen carry trade unwinding have been negative. Buy on dips near 6450 for tgt of 6700 and stoploss of 6290.
Base metals 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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