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Gold is continuing its bullish momentum, and there are no signals of weakness where 60000 is an immediate target level - Swastika Investmart Ltd
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil prices up on tighter supply, China PMI in focus
* Oil prices steady near 10-day high after mixed China PMIs
* Oil prices rise after U.S. data shows tighter crude supply
CHART OF THE DAY
GOLD: Gold is continuing its bullish momentum, and there are no signals of weakness where 60000 is an immediate target level. On the downside, 59000 intraday and immediate support levels While below 59000 leads to further weakness towards the 58800- 58600 zone, now it traded near the resistance zone of 100 DMA, so be careful at higher levels.
OUTLOOK:
* Bullion: Day trend is indicating sideways to upside in Gold &Silver.
* Energy: Day trend is indicating sideways to upside in Crude oil & Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
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