Gold is continuing its bullish momentum, and there are no signals of weakness where 60500 is an immediate target level - Swastika Investmart
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COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
Gold rises amid bets on Fed pause in June, debt ceiling in focus
Oil falls after large surprise build in US crude stocks
US extends by another year temporary suspension of tariffs on Ukrainian steel
CHART OF THE DAY
Gold: Gold is continuing its bullish momentum, and there are no signals of weakness where 60500 is an immediate target level. On the downside, the 59800 intraday and immediate support level while below 59800 leads to further weakness towards the 59500 zone, above 60500 may test 60700–60900 levels.
OUTLOOK:
Bullion: Day trend is indicating to sideways to upside in Gold &Silver.
Energy: Day trend is indicating downtrend in Crude oil & Natural gas
Base metals: Day trend is indicating sideways to downtrend in all base metals.
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