29-05-2024 09:25 AM | Source: Kedia Advisory
Buy Gold JUN @ 72000 SL 71800 TGT 72300-72500. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 71490-72720.
Gold steadied as investors remained cautious ahead of US PCE inflation report.
Fed wants "many months" of positive inflation before cut
U.S. PCE data, the Fed's inflation gauge, due on Friday
Traders price in about 64% chance of rate cut by November
BUY GOLD JUN @ 72000 SL 71800 TGT 72300-72500. MCX
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