Receding odds of a Fed rate hike in the near term and continuing Hamas and Israel war boosted gold to build on its previous weekly gain of $100. Gold closed with a weekly gain of $50 at $1982, which translates into a weekly gain of roughly 2.70%. The yellow metal was up 0.40% Friday in a volatile session.
Tech View: Minor pullback rally likely in Nifty, crucial resistance at 24,750. How to trade on Monday
Tejas Shah, Technical Research Analyst at JM Financial & BlinkX, noted that Nifty has support at 24,100 and 24,000, with immediate resistance at 24,450-500 and