Gold futures end higher after back-to-back losses - Swastika Investmart
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News in headlines:
* Gold futures end higher after back-to-back losses.
* Oil Steadies Near $64 as Market Weighs Demand Against Inflation.
* Biden set to release first detailed budget of his presidency on May 27.
Chart of the day:
On the 4 Hrs Chart MCX SILVER (JULY) Fut, price has shown a correction from it’s top and now it has took the support of the 50 days SMA’s and an upward trendline, so for the day it can move upside therefor on the basis of these setup one can initiate long call in the MCX SILVER.
Technical View:
* Bullion: Day trend is indicating sideways move in Gold and Silver.
* Energy: Day trend is indicating bearish move in Crude oil and sideways move in Natural Gas.
* Base metals: Day trend in base metal is indicating sideways to bearish move.
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