Yes, in the short term, we may see some consolidation and correction in gold, but overall, our view remains bullish, and we believe the price of gold is likely to move higher towards $2,560/$2,595 levels from its current level, with strong support at $2,465/$2,433.
Tech View: Nifty forms red candle on daily chart, suggesting weakness. What traders should do on Friday
Nifty opened flat and traded within a narrow range, closing negatively at 24,205, noted Hrishikesh Yedve from Asit C. Mehta Investment Intermediates. He highlighted that