GOLD is continuing its bearish momentum, and there are no signals of recovery where 57300-57000 is an immediate target level - Swastika Investmart
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
COMMODITY OUTLOOK
DAILY COMMODITY MARKET UPDATES
NEWS IN HEADLINE
* Oil falls 1% on strong US dollar, mixed supply cues
* Texas grid seeks more power capacity to avoid winter shortages
* China's declining oil demand impacts global markets - Citigroup
CHART OF THE DAY
GOLD: GOLD is continuing its bearish momentum, and there are no signals of recovery where 57300-57000 is an immediate target level. On the upside, 58000 intraday and immediate resistance levels While below 57000 leads to further weakness towards the 56800-56600 zone.
OUTLOOK:
* Bullion: Day trend is indicating downtrend in Gold &Silver.
* Energy: Day trend is indicating sideways in Crude oil & uptrend in Natural gas
* Base metals: Day trend is indicating sideways to upside in all base metals.
Please refer disclaimer at https://www.swastika.co.in/disclaimer SEBI Reg. No. : NSE/BSE/MSEI: INZ000192732
