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 74850 for tgt of 75200 and stoploss of 74600. Maintain strict stoploss
Crude Oil
Crude Oil is trying to recover after sharp sell off. Recovery is because of geopolitical concerns and buy on dips near 5920 for tgt of 6075 and stoploss of 5885.
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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