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Sell Gold Apr 2023 @ 55000 SL 55200 TGT 54800-54650. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 54700-55220
Gold dropped after Fed Chair Powell signaled that interest rates would likely remain higher for longer than previously expected.
Powell said that the U.S. central bank would be prepared to reaccelerate the pace of rate hikes if the economy grows too quickly.
Gold demand in India in February improved: WGC
Central banks continue to show strong demand for gold in 2023: WGC
SELL GOLD Apr 2023 @ 55000 SL 55200 TGT 54800-54650. MCX
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