Buy Gold Apr @ 61800 SL 61250 TGT 61700-61850. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 61290-62200.
Gold gains as dollar failed to hold gains after mixed Fed officials comments.
Housing starts declined by 14.8% in January, but December's data was revised upward
Producer Price Index (CPI) rose 0.3% last month, higher than expected
Investors turned optimistic after the dismal US macro data pointed to possible signs of weakness in consumer spending.
BUY GOLD APR @ 61800 SL 61250 TGT 61700-61850. MCX
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