Oil Holds Near $59 as Fed’s Powell Points to Economic Growth - Swastika Investmart
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News in headlines:
* Oil Holds Near $59 as Fed’s Powell Points to Economic Growth
* XAU/USD trades with modest losses just below $1,740 level
* The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production
Chart of the day:
The day trend in GOLD is indicating upside trend as making higher highs and higher low and forming consolidation on daily chart giving its breakout with huge buying volume which indicates buy signal, so one can go long in it.
Technical View:
* Bullion: Day trend is indicating upside move but may face some resistance in Gold and Silver.
* Energy: Day trend is indicating mixed move to upside in Crude oil and Natural Gas.
* Base metals: Day trend in base metal is indicating mixed to sideways move.
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