Sell Gold Feb @ 79750 SL 80000 TGT 79450-79250. MCX - Kedia Advisory

Gold
Observations
Gold trading range for the day is 79095-80395.
Gold dropped after President Trump held off from imposing threatened tariffs on Colombia
Fed is expected to hold rates unchanged this week following to pause from the 100 bps in cuts since the start of the cycle in September.
Markets expect the Fed to deliver two rate cuts this year, with a slight consensus for a first move in May.
China's net gold imports via Hong Kong in December down 84% m/m
SELL GOLD FEB @ 79750 SL 80000 TGT 79450-79250. MCX










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