Gold Updates, Silver Tips, Crude Outlook, Lead Trend Copper Intraday Trading Tips For Today 24 August: Gold Down Under $1670, Profit Selling Emerges Around Four Months. Profit Taking Brings Dip In Gold, Silver. Gold prices had witnessed a huge rally from the breakout, one can expect profit taking if sustained below 30850 till 30600. Buying on dip is recommended with a stop loss below 30500.
MCX Silver prices too are expected to witness profit taking if it sustains below 57200, prices can test 56200 – 55800 on lower end. Buying on dips is recommended. Crude yesterday fell short of the Rs 5,450 per barrel levels. Crude Slips For Second Day For crude one can take fresh position at Rs 5,250 per barrel for the same target levels of Rs 5,450 per barrel.
Copper Updates, Lead Trend: Base Metals Ease, Copper Under $3.50 On COMEX. Base metals have given a very good move, particularly bullish on lead because lead has given a technical breakout. Lead prices are expected to trade within a range. Copper prices are likely to witness a range bound move from 427 to 417 one can trade with a negative bias. MCX Copper: Sell at 422.50, Stop loss 424.50, Target 420.50.
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