GOLD yesterday witnessing sharp buying from support of 50500-50550 level - Swastika Investmart
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Chart of the day:
GOLD: GOLD yesterday witnessing sharp buying from support of 50500-50550 levels, on the upside it has an immediate resistance of 50900, on the downside below 50200 it may head toward 50000-49800 levels. Traders are advised to stay with the momentum with the “Sell on rise” approach.
Technical View:
* Bullion: Day trend is indicating to Uptrend in Gold &Silver.
* Energy: Day trend is indicating sideways to upsideinCrude oil &Natural gas.
* Base metals: Day trend is indicating sideways to uptrend in all base metals.
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