Gold has given close with green note around 54898, in daily chat found breakout above 54500 levels - Swastika Investmart
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DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil rises past U.S. storm jitters as inventories shrink
* Oil prices up as U.S. crude stocks seen falling, dollar eases
* Gold blazes past $1,800 as dollar sinks on BoJ policy shift
CHART OF THE DAY
GOLD: GOLD has given close with green note around 54898, in daily chat found breakout above 54500 levels, upside it has an immediate target of 55000-55200, on the downside it has an intraday immediate support level of 54500-54400 while below 54400 it may head towards 54200-54000 levels.
OUTLOOK:
* Bullion: Day trend is indicating uptrend in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & downtrend in Natural gas
* Base metals: Day trend is indicating Sideways to upside in all base metals.
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