Buy Gold Feb 2023 @ 54700 SL 54500 TGT 55000-55200.MCX

21/12/2022 12:05:29 PM | Source: Kedia Advisory

Buy Gold Feb 2023 @ 54700 SL 54500 TGT 55000-55200.MCX - Kedia Advisory

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GOLD

Gold trading range for the day is 54103-55393.

Gold rose as sentiment remained clouded by worries that aggressive interest rate increases could tip the US economy into recession.

The latest data showed that building permits collapsed 11.2% month-over-month in November.

BoJ announced that it would allow the 10-year bond yield to move 50 bps either way of its 0% target instead of the 25 bps range

Flow of gold from West to East slowed in November

BUY GOLD FEB 2023 @ 54700 SL 54500 TGT 55000-55200.MCX

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Buy Gold Feb 2023 @ 54700 SL 54500 TGT 55000-55200.MCX - Kedia Advisory

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