Gold continuing its bullish momentum where 51300-51400 is an immediate target level - Swastika Investmart
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Daily Currency Market Updates
News in headline:
* Oil prices climb on prospects for tighter supply as demand rises
* Oil steadies after choppy trade, U.S. says export ban not ruled out
* Oil Inventories Unexpectedly Climb by 0.6M Barrels Last Week: API
Chart of the day:
GOLD: GOLD continuing its bullish momentum where 51300-51400 is an immediate target level. On the downside 50900 intraday and immediate support level. While below 50900 lead further weakness toward 50700-50500 levels.
Technical View:
* Bullion: Day trend is indicating upside in Gold & Silver.
* Energy: Day trend is indicating sideways in Crude oil & uptrend in Natural gas.
* Base metals: Day trend in base metal is indicating sideways to upside.
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