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