Buy Gold Feb @ 78200 SL 78000 TGT 78500-78700. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 77700-79160.
Gold gains due to safe-haven buying ahead of January 20, the day Donald Trump takes office.
WGC reported that physically-backed gold ETFs recorded their first inflows in four years, driven by demand in Asia.
Gold discounts in India rose as consumers refrained from buying as local prices hit a month's high.
Indian dealers offered a discount of up to $17 an ounce to official domestic prices, up from the last week's discount of $14 an ounce.
BUY GOLD FEB @ 78200 SL 78000 TGT 78500-78700. MCX
