07-12-2023 12:54 PM | Source: Kedia Advisory
Sell Gold Feb @ 62600 SL 62800 TGT 62300-62100. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 62040-62770.
Gold gains on renewed buying momentum as the U.S. labor market lost significant momentum last month.
ADP said that 103,000 jobs were created last month.
October’s employment data was revised lower to 106,000 jobs, down slightly from the initial estimate of 113,000.
Fed Chair Jerome Powell said that it's clear the monetary policy is slowing the economy down as expected
SELL GOLD FEB @ 62600 SL 62800 TGT 62300-62100. MCX
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