From a technical perspective, the most important of the four previous sessions was that on Friday as both Nifty and Nifty Bank Index were steeply overbought on the daily time frame. Apart from this, they also appeared structurally over-extended on the charts.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest