Sell Gold FEB 2022 @ 48000 SL 48300 TGT 47700-47550.MCX - Kedia Advisory
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GOLD
* Gold trading range for the day is 47152-48826.
* Gold settled lower after Fed Chairman Powell indicated the central bank could hasten a tightening of monetary policy.
* Earlier, investors sought safe havens again after Moderna's CEO warned COVID-19 vaccines were likely to be less effective against the Omicron variant
* President Joe Biden said that the US was in a good position to control Omicron’s potential spread without having to resort to lockdowns or more travel bans for now
* Fed’s chair Powell told that the new variant poses a threat to the economy, citing downside risks to employment and economic activity
* SELL GOLD FEB 2022 @ 48000 SL 48300 TGT 47700-47550.MCX
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