SELL GOLD APR @ 163000 SL 164000 TGT 161200-160000. MCX- Kedia Advisory
Gold
SELL GOLD APR @ 163000 SL 164000 TGT 161200-160000. MCX
Observations
Gold trading range for the day is 156865-164095.
Gold climbed as renewed tariff worries prompted a rush to safe-haven assets.
US President Trump announced plans to raise global tariffs from 10% to 15%, following the US Supreme Court's rejection of his "reciprocal tariffs."
COMEX gold speculators raise net long position by 3,020 contracts to 96,057 in week to February 17 - CFTC
Goldman Sachs sees gold prices to grind higher to $5,400/toz by end – 2026
Silver
SELL SILVER MAR @ 268000 SL 272000 TGT 263000-260000. MCX
Observations
Silver trading range for the day is 255900-273590
Silver rose as the U.S. Supreme Court ruling against President Donald Trump's tariffs sent the dollar lower.
Trump imposes 15% levy on imports after court ruling
Fed speakers' signals crucial for market's rate expectations
COMEX silver speculators raise net long position by 1,575 contracts to 6,160 in week to February 17 - CFTC
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