GOLD is consolidating in the range of 48850-49350 - Swastika Investmart
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News in headlines:
Exclusive-China reserve bureau working on crude oil release
What is the SPR, the emergency oil stash Biden may tap?
Oil extends declines as U.S. looks to lead SPR shock treatment
Chart of the day:
GOLD: GOLD is consolidating in the range of 48850-49350 where move above 49350 can lead some upside towards 49500-49700 while if it slips below 48900 it may head towards 48600-48500 zone.
Technical View:
Bullion: Day trend is indicating uptrend in Gold and Silver.
Energy: Day trend is indicating sideways in Crude oil & sideways in Natural gas.
Base metals: Day trend in base metal is indicating sideways.
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