Sell Gold Jun 2022 @ 5000 SL 49800 TGT 50350-50500.MCX - Kedia Advisory
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GOLD
Gold trading range for the day is 49844-50744.
Gold pared gains after seen supported amid pullback in the dollar supported bullion demand and countered pressure from rebounding US Treasury yields.
The dollar retreated from 20-year highs this week as investors took profits and scaled back bets on whether US interest rate hikes will drive further dollar gains
Investors expect further volatility in gold markets amid persistent inflationary pressures coupled with a challenging global growth outlook.
Data showed that the headline CPI in the US held close to a 40-year high at 8.3% in April, while the core CPI also came in above expectations at 6.2%
SELL GOLD JUN 2022 @ 5000 SL 49800 TGT 50350-50500.MCX
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