2026-04-15 12:00:29 pm | Source: Kedia Advisory
Buy Gold JUN @ 154000 SL 152800 TGT 155500-156500. MCX - Kedia Advisory
Gold
BUY GOLD JUN @ 154000 SL 152800 TGT 155500-156500. MCX
Observations
Gold trading range for the day is 151910-156390.
Gold prices rose supported by a weaker dollar, while a drop in oil prices eased concerns over inflation.
Washington and Tehran were still open to talks after a tense meeting in Islamabad helped ease concerns over the escalating conflict.
Traders now see a 29% chance of a 25-basis-point U.S. rate cut this year, up from about 12% last week.
China continued its gold-buying spree, with the People's Bank of China extending purchases for the 17th consecutive month.
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