GOLD is respecting its important support level of 57700-57800 - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil treads water as markets weigh supply cuts, manufacturing slump
* China to restrict exports of chipmaking materials as US mulls new curbs
* Gold moves further above $1,900 support, more Fed cues awaited
CHART OF THE DAY
GOLD: GOLD is respecting its important support level of 57700-57800 beautifully, but 58700 is an immediate and critical resistance zone. Above this, we can expect a short-covering rally towards the 59000-59300 zone. On the downside, 58000 is an immediate support zone, while 57700 is the next support zone
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to downside in all base metals.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.swastika.co.in/disclaimer
SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
