GOLD breaks all its important support on daily chart - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE:
* Oil prices rise as demand hopes offset bumper U.S. inventory build
* Gold prices recover from 5-week low, but Fed fears limit gains
* U.S. crude inventories jump 16.3M barrels last week - EIA
CHART OF THE DAY:
GOLD:
GOLD breaks all its important support on daily chart ,however 55833 is an immediate support level and 56452 is immediate resistance level . While above 56452 lead further strength towards 56600- 56800 zone.
OUTLOOK:
* Bullion: Day trend is indicating to Sideways in Gold &Silver.
* Energy: Day trend is indicating Uptrend in Crude oil & Natural gas
* Base metals: Day trend is indicating Sideways in all base metals.
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