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2026-03-16 12:04:41 pm | Source: Kedia Advisory
SELL GOLD APR @ 159500 SL 160500 TGT 158200-157500. MCX - Kedia Advisory
SELL GOLD APR @ 159500 SL 160500 TGT 158200-157500. MCX  - Kedia Advisory

Gold

SELL GOLD APR @ 159500 SL 160500 TGT 158200-157500. MCX

Observations

Gold trading range for the day is 155760-162030.

Gold dropped as investors balanced persistent geopolitical tensions in the Middle East with cooling economic growth in US.

US Q4 2025 GDP growth slowing to an annualized 0.7% has introduced new concerns regarding economic stability

Traders bet on Fed rate cut by September

Global demand remains a supporting factor with China maintaining its gold buying streak

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