SELL GOLD APR @ 138000 SL 1370000 TGT 140000-142000. MCX - Kedia Advisory
Gold

SELL GOLD APR @ 138000 SL 1370000 TGT 140000-142000. MCX
Observations
Gold trading range for the day is 134160-143180.
Gold prices fell pressured by a firm U.S. dollar and fading hopes for near-term Federal Reserve interest rate cuts.
Investors trimmed bets on a Fed rate hike in December to roughly 13%, from just above 25% in the prior session
Registered COMEX gold inventory fell to 16.51 MOz, lowest since November 6.
Money managers increased their bullish gold bets by 3,684 net-long positions to 105,920 in the week ending March 17.
