Sell Gold Apr @ 86100 SL 86400 TGT 85700-85500. MCX

2025-02-24 11:10:58 am | Source: Kedia Advisory

Sell Gold Apr @ 86100 SL 86400 TGT 85700-85500. MCX - Kedia Advisory

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SELL GOLD APR @ 86100 SL 86400 TGT 85700-85500. MCX

Observations

Gold trading range for the day is 85260-86430.

Gold dropped on profit booking after price rose amid lingering concerns over U.S. tariff threats.

Furthermore, expectations that Trump's protectionist policies would reignite inflation could act as a tailwind for the bullion.

China’s domestic gold market improved in some areas in January with the central bank purchasing third straight month.

Physical gold demand among China and India remained negligible as buyers shied away from purchases.

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Sell Gold Apr @ 86100 SL 86400 TGT 85700-85500. MCX - Kedia Advisory

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