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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 70300 for tgt of 70700 and stoploss of 70100.
Crude Oil
Crude Oil has started recovery after geopolitical tension increasing but the yen carry trade unwinding have been negative. Buy on dips near 6650 for tgt of 6800 and stoploss of 6460.
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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