01-01-2024 11:19 AM | Source: Kedia Advisory
Sell GOLD Feb @ 63350 SL 63500 TGT 63150-63000. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 62880-63550.
Gold price eases amid recovery in US Treasury yields.
The broader appeal for price is bullish as Fed may unwind its restrictive policy stance sooner.
Fed policymakers see a high likelihood of a market reaction on rate-cut commentary from Fed Chairman Powell.
China's November net gold imports via Hong Kong gain 37% m/m
SELL GOLD FEB @ 63350 SL 63500 TGT 63150-63000. MCX
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