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05-12-2024 10:42 AM | Source: Kedia Advisory
Buy Gold Feb @ 76900 SL 76700 TGT 77150-77300. MCX - kedia Advisory
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Gold
Observations
Gold trading range for the day is 76385-77585.
Gold prices gains after US jobs data revealed that private hiring dipped, missing forecasts.
The strong US labor market report comes on top of stalling progress in lowering inflation to the 2% target
Geopolitical tensions and trade war fears might offer support to the safe-haven precious metal.
Traders now look to Fed Chair Powell's speech for rate-cut cuts and some meaningful impetus.
BUY GOLD FEB @ 76900 SL 76700 TGT 77150-77300. MCX
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