GOLD breaks all its important support on daily chart - Swastika Investmart
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.
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