02-03-2023 11:52 AM | Source: Kedia Advisory
Sell Gold Apr 2023 @ 57800 SL 58000 TGT 57500-57350. MCX - Kedia Advisory
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Gold

* Gold trading range for the day is 56833.67-59277.67

* Gold dropped on profit booking as investors digest monetary policy decisions from major central banks.

* Both the BoE and the ECB delivered a 50bps rate hike and reinforced more hikes would follow.

* Central banks bought the most gold since 1967 last year, WGC says

* India's 2022 gold consumption drops 3% as prices rally – WGC

SELL GOLD Apr 2023 @ 57800 SL 58000 TGT 57500-57350. MCX

 

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