2025-01-21 11:40:10 am | Source: Kedia Advisory
BUY GOLD FEB @ 78400 SL 78200 TGT 78750-78950. MCX - Kedia Advisory
GOLD
Observations
Gold trading range for the day is 77975-79435.
Gold prices fell as easing tensions in the Middle East tempered safe-haven demand.
Gold stocks in COMEX-approved warehouses have jumped by a third in the past six weeks.
COMEX gold speculators raised net long positions by 17,994 contracts to 212,494 in the week to Jan. 14, data showed.
The U.S. Federal Reserve will likely hold interest rates steady on Jan. 29 and resume cutting in March
BUY GOLD FEB @ 78400 SL 78200 TGT 78750-78950. MCX
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