GOLD: GOLD is consolidating in the range of 48850-49350 - Swastika Investmart
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News in headlines:
* India's Modi backs down on farm reforms in surprise victory for protesters
* Oil steadies as investors weigh strategic reserve releases
* Crude Oil Higher; Coordinated Supply Increase Priced In
Chart of the day:
GOLD: GOLD is consolidating in the range of 48850-49350 where move above 49350 can lead some upside towards 49500-49700 while if it slips below 48900 it may head towards 48600-48500 zone.
Technical View:
* Bullion: Day trend is indicating uptrend in Gold and Silver.
* Energy: Day trend is indicating sideways in Crude oil & sideways in Natural gas.
* Base metals: Day trend in base metal is indicating sideways.
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