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Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd
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Gold
Gold is witnessing strong upmove and is looking overstretched. Buy on dips near 73850 for tgt of 74200 and stoploss of 73600. Maintain strict stoploss.
Crude Oil
Crude Oil is trying to recover after sharp sell off. Any recovery is very weak so buy on dips near 5850 for tgt of 5950 and stoploss 5800.
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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