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Gold is underperforming and has slipped below 52000 - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
U.S. ditches Trump-era policies for Arctic Alaska oil reserve
Oil prices rebound from sharp drop on China demand concerns
Oil Holds Drop Below $100 as Traders Weigh China’s Lockdowns
Chart of the day:
GOLD: GOLD is underperforming and has slipped below 52000 that may lead to further weakness where 51200 will act as an immediate support level, below this 50800 will be the next support area on the upside 52120 is an immediate hurdle.
Technical View:
Bullion: Day trend is indicating downtrend in Gold & Silver.
Energy: Day trend is indicating downtrend in Crude oil & sideways in Natural gas.
Base metals: Day trend in base metal is indicating downtrend.
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