Buy Gold Jun 2022 @ 50600 SL 50400 TGT 51000-51200.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 50331-51109.
Gold prices remained supported as dollar weakened, while growing economic concerns put bullion on track for its best week since at least late-March.
Recession fears have grown more recently and because of the volatility in equity markets there will be more interest in gold.
The U.S. dollar dropped for its worst week since early February weighed down by a retreat in Treasury yields
The continued softness in U.S. economic data fuelled growth concerns amid aggressive monetary tightening by Federal Reserve.
BUY GOLD JUN 2022 @ 50600 SL 50400 TGT 51000-51200.MCX
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