MCX GOLD is consolidating in the range of 47800-48200 where move above 48200 - Swastika Investmart Ltd
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Daily Commodity Market Updates
News in headlines:
* Gold Holds Drop on Signs Omicron Less Severe Than Previous Waves
* Oil settles higher despite Omicron concerns
* Oil Inventories Fall by 3.1M Barrels Last Week: API
Chart of the day:
GOLD: MCX GOLD is consolidating in the range of 47800-48200 where move above 48200 can lead upside towards 48350-48500 while if it slips below 47800 it may head towards 47600-47500 levels
Technical View:
* Bullion: Day trend is indicating sideways to upside in Gold and Silver.
* Energy: Day trend is indicating uptrend in Crude oil & sideways in Natural gas.
* Base metals: Day trend in base metal is indicating to upside.
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