Gold Steadies Before Fed Minutes With Powell, Dollar in Focus - Swastika Investmart
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COMMODITY OUTLOOK
News in headlines:
* Gold Steadies Before Fed Minutes With Powell, Dollar in Focus
* EU solar power generation hits record high
* Oil up 5% Despite Crude Build as Bulls Seize Back Control of Market
Gold is trading near critical supply area of 47500-47700 if it manages to hold higher levels then we can expect good upside move while a move below 47100 can lead a further selling pressure towards 46500 levels.
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold and Silver.
* Energy: Day trend is indicating support in Crude oil. And Natural gas.
* Base metals: Day trend in base metal is indicating mixed move.
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