GOLD is continuing its bullish momentum and there are no signal of weakness where 50800 is an immediate target level - Swastika Investmart
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Daily Commodity Market Updates
News in headlines:
* Gold Recovers Sharply From Six-Week Low, Copper up on China Stimulus
* Oil dips on symbolic OPEC+ output cut
* Oil Prices Mixed as Markets Digest OPEC+ Supply Cut
Chart of the day:
GOLD:
GOLD is continuing its bullish momentum and there are no signal of weakness where 50800 is an immediate target level. On the downside 50400 intraday and immediate support level. While below 50400 lead further downside toward 50200-50000 levels.
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold & Silver.
* Energy: Day trend is indicating sideways in Crude oil & Natural gas.
* Base metals: Day trend is indicating sideways to upside in all base metals.
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