Gold is consolidating in the range of 50700-50200 - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Biden administration talks with energy firms as it seeks to balance oil prices-sources
* Oil Prices Tread Water Between Tightening Supply, Recession Fears
* Oil prices steady on U.S. dollar weakness; recession fears weigh
Chart of the day:
GOLD: GOLD is consolidating in the range of 50700-50200 where move above 50700 can lead some upside towards 50900-51200 while if it slips below 50200 it may head towards 50000-498000 zone.
Technical View:
* Bullion: Day trend is indicating to downtrend in Gold & Silver.
* Energy: Day trend is indicating downtrend in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to downside in all base metals.
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