GOLD: It is consolidating in range of 50000-50900 - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Gold, Copper Prices Slip as China Jitters Boost Dollar
* Oil Tumbles in Belated Nod to Fed, “China’s Pivot” on COVID
* Big Oil Is Not Dancing To Government Tunes. Period
CHART OF THE DAY
GOLD
GOLD: It is consolidating in range of 50000-50900 and there are no signal of weakness where 50900 is an immediate resistance level. On the downside 50700 is immediate support level. While below 50500 lead further weakness toward 50200-50300 zone.
Technical View:
* Bullion: Day trend is indicating to Uptrend in Gold &Silver.
* Energy: Day trend is indicating Sideways in Crude oil & Natural gas
* Base metals: Day trend is indicating Uptrend in all base metals.
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