2025-03-06 11:29:56 am | Source: Kedia Advisory
Buy Gold Apr @ 85600 SL 85250 TGT 85900-86150. MCX - Kedia Advisory
Gold
BUY GOLD APR @ 85600 SL 85250 TGT 85900-86150. MCX
Observations
Gold trading range for the day is 84985-86665.
Gold dropped on profit booking after seen supported by a weaker US dollar and amid the implementation of US tariffs.
Data from the ADP showed that 77,000 job were added to the US private sector, the least since July.
US Commerce Secretary Howard Lutnick suggested possible tariff relief for Canada and Mexico.
Further boosting gold’s safety appeal, the US paused military aid to Ukraine amid reports of potential sanctions relief for Russia.
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