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Gold is witnessing some profit booking after strong US jobs data - Tradebulls Securities
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Gold:
Gold is witnessing some profit booking after strong US jobs data. We have seen selling pressure increasing and so sell on rise near 62700 for tgt of 62200 and stoploss of 62950.
Crude Oil:
Crude Oil has fallen after news of Israel and Hamas truce rumor. There is some buying emerging at lower levels due to Red Sea escalations. Buy on dips near 6250 for tgt of 6380 and stoploss of 6170.
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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