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 77300 for tgt of 78800 and stoploss of 76500.
Crude Oil
Crude Oil is trying to recover after sharp sell off. However the sharp fall is expected to continue on back of no retaliation from Israel to Iran. So sell on rise near 5950 for tgt of 5800 and stoploss of 6050.
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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