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Sell Gold Apr @ 66200 SL 66400 TGT 65950-65750. MCX -Kedia Advisory
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Gold
Observations
* Gold trading range for the day is 65760-66320.
* Gold gains as data indicated the U.S. labour market was slowing
* Investors awaited U.S. inflation data for insights into the U.S. rate cut timeline.
* Traders are pricing in a more than 70% chance that the Fed could start cutting interest rates by June
* COMEX gold speculators raised their net long positions by 63,018 contracts to 131,060
SELL GOLD APR @ 66200 SL 66400 TGT 65950-65750. MCX
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