17-01-2024 11:59 AM | Source: Kedia Advisory
Sell Gold Feb @ 62150 SL 62350 TGT 61800-61600. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 61625-62715.
Gold prices declined hurt by a strengthening dollar and Treasury yields
Investors tempered their expectations for a March rate cut from the Federal Reserve
Comments from ECB officials downplaying the idea of early rate cuts overshadowed the outlook for borrowing costs globally.
The U.S. central bank is widely expected to hold its policy rate steady at the end of its Jan. 30-31 meeting.
SELL GOLD FEB @ 62150 SL 62350 TGT 61800-61600. MCX
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