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 some bounce back so buy on dips near 62000 for tgt of 62500 and stoploss of 61850.
Crude Oil
Crude Oil has recovered from the lows due to escalation in Red Sea. Buy on dips near 6020 for tgt of 6175 and stoploss of 5955.
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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