05-02-2023 11:00 AM | Source: Kedia Advisory
Gold trading range for the day is 59320-60550 - Kedia Advisory
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Gold 

Observations

 

Gold trading range for the day is 59320-60550

 

Gold prices edged lower ahead of the Federal Reserve’s policymeeting

 

Fed is widely expected to deliver another 25-basis point rate hike

 

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

 

Turkey is selling off its gold reserves to meet surging domesticdemand

 

 

SELL GOLD Jun 2023 @ 60000 SL 60300 TGT 59600-59400. MCX

 

 

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