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 but still buy on dips is recommended near 70300 for tgt of 71000 and stoploss of 70000.
Crude Oil
Crude Oil is correcting after strong up rallyBuy on dips near 7120 for tg tof 7250 and stoploss of 7050.
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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