GOLD is consolidating in the range of 47500-47750 - Swastika Investmart
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COMMODITY OUTLOOK
News in headlines:
* Oil edges higher on tight supply and post-pandemic recovery
* Biden tells emir he will make Qatar major non-NATO ally
* Oklahoma's oil regulator to shut some disposal wells following large quake
Chart of the day:
GOLD: GOLD is consolidating in the range of 47500-47750 where move above 47750 can lead some upside towards 48000-48100 while if it slips below 47500 it may head towards 47300-47200 levels
Technical View:
* Bullion: Day trend is indicating downtrend in Gold & Silver.
* Energy: Day trend is indicating uptrend in Crude oil & Natural gas.
* Base metals: Day trend in base metal is indicating to sideways to upside.
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