Buy Gold JUN @ 152600 SL 151600 TGT 154200-155200. MCX - Kedia Advisory
GOLD
BUY GOLD JUN @ 152600 SL 151600 TGT 154200-155200. MCX
Observations
Gold trading range for the day is 151730-155100.
Gold fell amid heightened Middle East uncertainty and the prolonged shutdown of the Strait of Hormuz.
Trump stated that the US-Iran ceasefire was on "massive life support" after rejecting Tehran’s latest peace proposal.
Reports indicate Trump is set to meet with his national security team to discuss a potential restart of military operations.
US inflation accelerated to 3.8% in April, the highest since May 2023.
