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GOLD has given positive close above 51700 on yesterday’s trading session - Swastika Investmart
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News in headlines:
Oil falls on China growth concerns even as EU weighs Russia import ban
EU energy ministers hold crisis talks after Russian gas cuts
Shanghai lockdown sends chill down meat trade
Chart of the day:
GOLD: GOLD has given positive close above 51700 on yesterday’s trading session. Where 51500 will be the first support area while 51050 are the next critical support level. On the upside 51900 is first hurdle above this we can expect 52100-52300 levels.
Technical View:
Bullion: Day trend is indicating sideways in Gold & Silver.
Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
Base metals: Day trend in base metal is indicating sideways to downtrend.
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