GOLD is consolidating in the range of 50400-50800 - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* U.S. Supreme Court limits federal power to curb carbon emissions
* Oil prices rise after falling 3% in previous session
* Argentina trucker strike ends, boosting grains exports
Chart of the day:
GOLD:
GOLD is consolidating in the range of 50400-50800 where move above 50800 can lead some upside towards 51200-51350 while if it slips below 50400 it may head towards 50200-50000 zone.
Technical View:
* Bullion: Day trend is indicating downtrend in Gold & Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas.
* Base metals: Day trend in base metal is sideways.
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