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19/05/2023 11:55:01 AM | Source: Kedia Advisory
Sell Gold Jun 2023 @ 60000 SL 60300 TGT 59650-59450. MCX - Kedia Advisory
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Sell Gold Jun 2023 @ 60000 SL 60300 TGT 59650-59450. MCX - Kedia Advisory

GOLD 

Observations

Gold trading range for the day is 59190-60420

Gold prices fell as bets the Fed will pause the current tighteningcycle

The claims report reinforced perceptions the labour marketremains robust

Comments from several Fed officials suggested the anticipatedpause in rate hikes in June is uncertain

Indian gold demand in the March-quarter fell 17% to the lowestlevel in 10 quarters

SELL GOLD Jun 2023 @ 60000 SL 60300 TGT 59650-59450. MCX

 

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