02-01-2024 11:31 AM | Source: Kedia Advisory
Buy Gold FEB @ 63150 SL 62950 TGT 63400-63600. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 63095-63495.
Gold price remained in range amid recovery in US Treasury yields.
The broader appeal for price is bullish as Fed may unwind its restrictive policy stance sooner.
Fed policymakers see a high likelihood of a market reaction on rate-cut commentary from Fed Chairman Powell.
China's November net gold imports via Hong Kong gain 37% m/m
BUY GOLD FEB @ 63150 SL 62950 TGT 63400-63600. MCX
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