Nifty has broken out of a Running Triangle pattern, indicating the start of a fresh leg of up move. The daily Bollinger bands have begun to expand and prices trading along the upper band indicate that there could be sharp trending moves on the upside. We expect Nifty to target 23,000 – 23,100 in the short-term. On the downside, the zone of 21,900 – 21,860 shall act as a crucial support zone.
Gold set to gain share in forex reserves as dollar outlook dims: WGC
Gold reserves: A World Gold Council survey shows nearly half of central banks plan to boost gold reserves amid geopolitical risks. Gold may outpace the
June 18, 2025