19-02-2024 11:58 AM | Source: Kedia Advisory
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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