2026-03-16 12:04:41 pm | Source: 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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