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The prices of Gold are trading in sideways to downside zone making lower lows and lower high - Swastika Investmart
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Daily Commodity Market Updates
News in headline:
* Oil prices climb amid questions over scale of U.S. rate hike
* Gold Briefly Below $1,700 to 27-Month Low as Bets Swing Over Fed
* Oil Dips in Volatile Trade as Pendulum Swings on Fed’s Upcoming July Hike
Chart of the day:
Gold:
The prices of Gold are trading in sideways to downside zone making lower lows and lower high where further sell-off can be seen so indicating sell signal.
Technical View:
* Bullion: Day trend is holding its support level in Gold and Silver but indicating weakness.
* Energy: Day trend is sideways in Crude oil and Natural gas.
* Base metals: Day trend in base metal is indicating weakness so sell on rise to be followed.
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