Sell Gold Feb @ 62700 SL 62900 TGT 62400-62200. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 61830-63680.
Gold dropped as the dollar rose ahead of U.S. labor market data and FOMC meeting minutes
Risk-off mood prevailed in financial markets as doubts emerged over just when the Fed plan to begin trimming rates in 2024.
Futures markets see a 70% chance of a 25 basis points rate cut at the March meeting, according to CME's FedWatch Tool.
China's net gold imports via Hong Kong rose about 37% in November from the previous month
SELL GOLD FEB @ 62700 SL 62900 TGT 62400-62200. MCX
