2025-05-22 11:25:03 am | Source: Kedia Advisory
Buy Gold Jun @ 95200 SL 94800 TGT 95600-95800. MCX - Kedia Advisory
GOLD
BUY GOLD JUN @ 95200 SL 94800 TGT 95600-95800. MCX
Observations
Gold trading range for the day is 94765-96125.
Gold rose supported by geopolitical risks and persistent weakness in the US dollar.
Trump announced imminent Russia-Ukraine ceasefire talks but signaled limited U.S. involvement.
Weak US dollar supported gold, pressured by Fed’s cautious outlook and credit downgrade.
Moody’s downgraded US credit rating, citing surging debt and growing fiscal concerns.
Disclaimer:
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