GOLD is continuing its bullish momentum and there are no signal of weakness where 49300- 49400 is an immediate target level - Swastika Investmart
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COMMODITY OUTLOOK
News in headlines:
U.S. avocado blow caps tough week for Mexican president
Oil prices jump more than 1% to 7-year highs on supply jitters
Oil futures rising already after a weekend of more Russia-Ukraine concerns
Chart of the day:
GOLD: GOLD is continuing its bullish momentum and there are no signal of weakness where 49300- 49400 is an immediate target level. On the downside 48700 intraday and immediate support level. While below 48600 lead further weakness toward 48300-48200 levels.
Technical View:
Bullion: Day trend is indicating uptrend in Gold & Silver.
Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
Base metals: Day trend in base metal is indicating uptrend
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