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 decreasing and now base is forming so buy on dips near 62100 for tgt of 62600 and stoploss of 61900.
Crude Oil:
Crude Oil has recovered from the lows due to escalation in Red Sea however and is looking strong. Buy on dips near 6350 for tgt of 6650 and stoploss of 6250
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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