Published on 23/11/2020 1:44:29 PM | Source: Swastika Investmart Ltd

Gold inches up as dollar dips, Mnuchin rekindles stimulus hopes - Swastika Investmart

Posted in Commodities Reports| #Commodity Tips #Swastika Investmart Ltd

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Key headlines:

* Gold inches up as dollar dips, Mnuchin rekindles stimulus hopes

* Oil prices extend gains on COVID vaccine

* COVID infections, vaccine prospects play ‘tug of war’ with oil as traders look to OPEC+


Chart of the day:

Day trend in NICKEL is showing upside move as making higher highs and higher low formation on daily chart so buying can be seen as taking support on daily chart and expected to give range breakout.


Technical View:

* Bullion: Gold and Silver are showing mixed move to upside.

* Energy: Day trend is indicating upside move in Crude oil and sideways move can be seen in Natural gas.

* Base metals: Day trend in base metal is indicating mixed to upside move.


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