Sell Gold Apr 2023 @ 56350 SL 56550 TGT 56100-55900. MCX - Kedia Advisory
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Gold
Obersvations
* Gold trading range for the day is 55482-56674.
* Gold recovered to settle flat amid pullback in the dollar and treasury yields turned lower
* A sharp retreat in domestic prices boosted retail demand for physical gold in India.
* India's Jan gold imports plunge 76% to 32 – month low
SELL GOLD Apr 2023 @ 56350 SL 56550 TGT 56100-55900. MCX
Silver
Obersvations
* Silver trading range for the day is 63956-66520.
* Silver settled flat as stronger-than-expected US economic data and hawkish remarks from Federal Reserve officials weighed on the metal.
* Initial jobless claims data showed a resilient labor market, putting further pressure on the U.S. central bank to tighten monetary policy.
* Fed’s Mester warned in separate speeches that central bank could raise interest rates at a sharper pace in the coming months, if inflation remains sticky.
SELL SILVER Mar 2023 @ 65800 SL 66500 TGT 65000-64500. MCX
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