Gold logs 5th straight gain and settles above $1,800 for first time in about 3 weeks - Swastika Investmart
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News in headlines:
* Oil Down, Investors Await Further Signs of OPEC+ Production Policy
* Gold logs 5th straight gain and settles above $1,800 for first time in about 3 weeks
* U.S.2021 crude output to decline less than previously forecast, EIA says
Chart of the day:
The day trend in NICEKL is showing range bound move on daily chart but expected to give its breakout so above that level buying can be done.
Technical View:
* Bullion: Day trend is indicating sideways move to upside but may face resistance in Gold and Silver.
* Energy: Day trend is indicating upside move in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed move.
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