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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