05-03-2023 10:59 AM | Source: Kedia Advisory
Sell Gold Jun 2023 @ 60900 SL 61200 TGT 60550-60350. MCX - Kedia Advisory
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Gold

Observations

Gold trading range for the day is 59300-61440

Gold rose on fresh economic jitters as Fed verdict looms

US consumer sentiment improved in April, while core PCE inflation exceeded forecasts in March.

High gold prices kept physical demand tepid in key Asian centres, prompting dealers in India to extend discounts

Turkey is selling off its gold reserves to meet surging domestic demand

SELL GOLD Jun 2023 @ 60900 SL 61200 TGT 60550-60350. MCX

 

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