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GOLD is consolidating in the range of 47600-48050 - Swastika Investmart
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News in headlines:
Gold Down Over Strengthening Dollar, Investors Await RBA Policy Decision
Oil Up Over Slower-Than-Expected OPEC Oil Output Increase
Oil prices rise on slow OPEC oil output increase
Chart of the day:
GOLD: GOLD is consolidating in the range of 47600-48050 where move above 48050 can lead to some more upside towards 48200-48400 while if it slips below 47600 level then it may head towards 47400- 47200 zone.
Technical View:
Bullion: Day trend is indicating sideways to upside move in Gold and Silver.
Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas.
Base metals: Day trend in base metal is indicating downtrend.
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