Sell Gold Apr @ 65000 SL 65300 TGT 64650-64500. MCX - Kedia Advisory
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Gold
Observations
* Gold trading range for the day is 63960-65580.
* Gold record highs driven by mounting hopes Fed’s interest rate cut in June
* Fed’s Bostic said that he still thinks it will likely be appropriate for the Fed to approve two quarter-point rate cuts by the end of this year.
* Traders see more than 50% chance that the Fed will start cutting rates by June, according to the CME FedWatch tool.
* The Gold Trust's holdings dropped 10% from the previous year as of March 4.
SELL GOLD APR @ 65000 SL 65300 TGT 64650-64500. MCX
