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Sell Gold Feb 2023 @ 54750 SL 54950 TGT 54450-54250.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 54022-55366.
Gold dropped following stronger-than-expected U.S. GDP report that also showed inflation readings a bit hotter than expected.
The 10-year US Treasury note yield rose firmly above the 3.6% mark, hovering 15bps higher since the start of December
The US economy expanded by 3.2% quarter-on-quarter in the three months leading to September of 2022
In its last meeting, the FOMC increased projections for the federal funds rate to reach and stay at 5.1% in 2023 from prior estimates of 4.6%.
SELL GOLD FEB 2023 @ 54750 SL 54950 TGT 54450-54250.MCX
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