Sell Gold Apr 2023 @ 56700 SL 56900 TGT 56450-56250. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 56180-57080
Gold remained under pressure as prospects of more interest rate hikes by the U.S. Federal Reserve dented bullion's appeal.
Data showed the number of Americans filing new claims for unemployment benefits increased more than expected last week.
Physical gold buyers in some Asian hubs were drawn to a dip in domestic prices, while central bank demand kept premiums firm in China.
The value of China's gold reserves rose to $125.28 billion at end-January, from $117.24 billion at end-December.
SELL GOLD Apr 2023 @ 56700 SL 56900 TGT 56450-56250. MCX
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