Outlook & trading strategies for Copper, Gold by Tradebulls Securities

ADX is showing momentum on the upside for Gold

Indian Rupee is trading at an all-time low after the US Dollar index breached 103 on safe haven buying. The lockdown because of coronavirus will affect Indian economy badly and our equity market is the second-most corrected market in the world after Brazil. So, the Indian currency is feeling the heat and that is why we have seen swift depreciation of the rupee. The Reserve Bank of India (RBI) has been trying to intervene and has sold nearly $3 billion in Forex Market to curb volatility but we feel, going ahead, until the market recovers, we may see Indian rupee