05-09-2023 10:13 AM | Source: Kedia Advisory
Sell Gold Jun 2023 @ 61200 SL 61500 TGT 60800-60600. MCX - Kedia Advisory
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Gold

Observations

Gold trading range for the day is 60610-61250

Gold rose amid a general greenback weakness

Investors continued to assess the economic and monetary policy outlook

Data showed that the US economy unexpectedly added 253K jobs in April, exceeding forecasts of 180K

Investors now look ahead to US consumer inflation data on Wednesday for more clues on the likely direction of US monetary policy

SELL GOLD Jun 2023 @ 61200 SL 61500 TGT 60800-60600. MCX

 

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