Gold traded fresh all time high as Fed is on course for three rate cut this year

05-04-2024 09:37 AM | Source: Tradebulls Securities Pvt Ltd

Gold traded fresh all time high as Fed is on course for three rate cut this year - Tradebulls Securities Pvt Ltd

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Gold

Gold traded fresh all time high as Fed is on course for three rate cut this year. Now some correction should be waited. It is overbought and so sell on rise near 70000 for tgt of 69000 and stoploss of 70400

Crude Oil

Crude Oil is correcting after strong up rally. Sell on rise near 7200 for tgt of 7050 and stoploss of 7280.

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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Gold traded fresh all time high as Fed is on course for three rate cut this year - Tradebulls Securities Pvt Ltd

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