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18-01-2024 01:14 PM | Source: Kedia Advisory
Sell Gold Feb @ 61700 SL 61950 TGT 61350-61200. MCX -kedia-advisory
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Gold:
Observations:
Gold trading range for the day is 61050-62320.
Gold dropped as solid consumption in December supports healthy economic activity.
Retail sales increased 0.6% in December, beating economist expectations.
Federal Reserve officials have provided a more realistic viewpoint on the timing and depth of interest rate cuts
Fed Waller and Williams emphasized the need for confidence in inflation reaching the 2% target before rate cuts occur.
SELL GOLD FEB @ 61700 SL 61950 TGT 61350-61200. MCX
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