01-01-1970 12:00 AM | Source: Swastika Investmart Ltd
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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