Gold is witnessing some profit booking at the start of the new year -Tradebulls Securities
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Gold:
Gold is witnessing some profit booking at the start of the new year. We have seen selling pressure so sell on rise near 62000 for tgt of 61500 and stoploss of 62150
Crude Oil:
Crude Oil has recovered from the lows due to escalation in Red Sea however due to strong USD, once again selling pressure has come. Buy on dips near 6000 for tgt of 6150 and stoploss of 5950.
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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