Buy Gold Feb@ 61800 SL 61600 TGT 62100-62300. MCX

2024-01-30 11:28:52 am | Source: Kedia Advisory

Buy Gold Feb@ 61800 SL 61600 TGT 62100-62300. MCX - Kedia Advisory

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Gold:

Observations:

Gold trading range for the day is 61995-62735.

Gold price delivers strong upside move as geopolitical tensions deepen.

Monthly core PCE grew by 0.2% as expected while annual underlying inflation data decelerated to 2.9% against expectations of 3.0%

Fed policy, labor market and Manufacturing PMI data for December will remain in the spotlight.

The Fed is expected to keep interest rates unchanged for the fourth straight time

BUY GOLD APR @ 62200 SL 62000 TGT 62500-62700. MCX

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Buy Gold Feb@ 61800 SL 61600 TGT 62100-62300. MCX - Kedia Advisory

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