Gold opened strong after FOMC showed that Fed is on course for three rate cut this year - Tradebulls Securities
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Gold
Gold opened strong after FOMC showed that Fed is on course for three rate cut this year. Now some correction should be waited. Buy on dips is recommended near 66000 for tgt of 66600 and stoploss of 65850.
Crude Oil
Crude Oil is not correcting after strong up rally. Buy on dips near 6780 for tgt of 6890 and stoploss of 6720.
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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