22-05-2024 09:58 AM | Source: Kedia Advisory
Buy Gold JUN @ 73900 SL 73700 TGT 74200-74400. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 73390-74640.
Gold dropped as investors reassessed Fed’s monetary policy outlook.
Furthermore, the upward trend was supported by strong central bank buying
India's April gold imports more than doubled to $3.11 billion, compared with $1.53 billion in March.
An uptick in gold prices deterred physical purchases in top consumers, prompting dealers to offer lower premiums
BUY GOLD JUN @ 73900 SL 73700 TGT 74200-74400. MCX
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