2026-03-19 12:49:30 pm | Source: Kedia Advisory
SELL GOLD APR @ 154000 SL 155000 TGT 152800-151800. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 154000 SL 155000 TGT 152800-151800. MCX
Observations
Gold trading range for the day is 149025-158075.
Gold fell as surprisingly hot producer inflation reinforced expectations for a hawkish Federal Reserve policy hold.
The Federal Reserve held the funds rate steady within the 3.5%–3.75% target range
A 0.7% surge in February wholesale prices has pushed Treasury yields to 4.2% and bolstered the dollar index toward 99.9.
While safe haven demand remains underpinned by the escalation of the Middle East conflict following the death of Iranian security chief Ali Larijani.
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