Trading strategies for gold and nickel by Tradebulls Securities

Gold made 'Hammer' candlestick in the month of November after slipping 5.4 per cent and has now bounced back

Gold market is rebounding as it had been in oversold territory in the month of November. Vaccines are shifting expectations that the global economy will see a faster-than-expected recovery from the devastating pandemic. Gold saw its worst month since November 2016 and equity markets recorded their best monthly gains since 1987. Vaccine development and outflows from ETF is main contributor for gold’s loss in November as 100 tonnes of gold flowed out of ETFs last month, the first month of outflows in a year and the most significant drop in four years. Talks of a new round of fiscal stimulus