Powered by: Motilal Oswal
2024-04-01 10:27:34 am | Source: Axis Securities Ltd
Gold pries extended its winning streak in the last session - Axis Securities Ltd

Gold

Gold pries extended its winning streak in the last session. Prices made a new 52 week high of Rs 67850 level. In Comex market it is trading around $2257 level which is a new record high for Gold prices. Market is kind towards the bulls in the last month as rate cut expectation fueled the rally towards Lfie time high. Near term trend is buy on dips for Gold as long as $2200 level is intact on the downside.

 

Crude Oil

Crude oil prices rallied by more than 2 percent in the last session and settlement was around 6915 level. Overall trend is looking bullish for prices as it is trading above 20 and 60 EMA and RSI is also above its reference line which indicate that momentum is strong on the upside. Traders can buy Crude oil on dips around 6860 for the target of 6920 on intraday basis

 

For More Axis Securities Disclaimer https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here