Outlook & trading strategies for Gold, Natural Gas by Tradebulls Securities

The rally is under threat only when gold breaks 44,500

The Indian rupee is trading near an all-time low despite the equity market showing strong upmove. Risk aversion is making investors flock to the safety of US Dollars and a sell-off is being seen in emerging market currencies. Lockdown is affecting the Indian economy and that is why our currency is depreciating. Until the lockdown is enforced, we don’t see any hope of recovery in our currency and the Indian rupee needs to come below 76 to stage any recovery. On the upside, the next target is 77.20-77.50 for the next week. Looking at how fast the Rupee depreciated, we