2026-03-20 12:28:15 pm | Source: Kedia Advisory
Buy Gold APR @ 144000 SL 142500 TGT 146000-148000. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 144000 SL 142500 TGT 146000-148000. MCX
Observations
Gold trading range for the day is 134845-157505.
Gold dropped to hit a nearly six-week low, as the Federal Reserve’s hawkish outlook weighed.
The Fed kept interest rates unchanged, as expected, saying the uncertain economic impact of the conflict involving Iran and highlighting persistent upside risks to inflation.
Policymakers signaled that rate cuts will remain on hold until there is clearer evidence that price pressures are easing.
Fed rate cut expectations fade and some investors sell to meet margin calls.
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