Sell Gold Apr 2023 @ 57000 SL 57200 TGT 56750-56600. MCX

10/02/2023 12:20:22 PM | Source: Kedia Advisory

Sell Gold Apr 2023 @ 57000 SL 57200 TGT 56750-56600. MCX - Kedia Advisory

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Gold

Observations

Gold trading range for the day is 56340-57680

Gold dropped as prospects of more interest rate hikes by the U.S. Federal Reserve dented bullion's appeal.

However, somewhat bearish remarks by Fed Chair Jerome Powell, reducing the pricing for a rate hike in March.

Powell noted that the US payrolls report was way better than expected for January.

The number of Americans filing new claims for unemployment benefits increased more than expected last week

SELL GOLD Apr 2023 @ 57000 SL 57200 TGT 56750-56600. MCX

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Sell Gold Apr 2023 @ 57000 SL 57200 TGT 56750-56600. MCX - Kedia Advisory

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