Gold pries extended its winning streak in the last session - Axis Securities Ltd
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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
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