MCX Gold settled down 2.33% at 38894 dropped sharply posting their largest one-day dollar loss in almost three years to settle at a two-week low.
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Precious Metals: Near Term Correction Due
Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.
Spot Gold Break $1480, Bears can Target a Deep Retracement back to the $1440 — $1408
Spot Gold Updates : The absence of further escalation, on a break back below the $1480, bears can target a deep retracement back to the $1440—$1408.
Bank Nifty Trading Tips – Below 28200 Any Rise Sell Sell Target 27150—26300 Very Very Soon – Neal Bhai
Bank Nifty Trading Tips – Below 28200 Any Rise Sell Sell Target 27150—26300 Very Very Soon – Neal Bhai
Indian equity markets and the rupee fell on Monday amid political uncertainty in Jammu and Kashmir. The Indian currency also declined in the backdrop of speculation that Beijing may allow currency depreciation to counter US President Donald Trump’s latest tariff threat.
Nifty Future Tips (Positional) Below 11210, Any Rise Sell Target 10500—10275 Trading Call – Neal Bhai
Nifty Future Tips (Positional) Below 11210, Any Rise Sell Target 10500—10275 Trading Call – Neal Bhai
Nifty Future Last Call : Bank Nifty Futures Tips & Quotes – Below 29510 Target 28700—28200