Sell Gold Apr @ 88900 SL 89150 TGT 88600-88400. MCX - Kedia Advisory
Gold
SELL GOLD APR @ 88900 SL 89150 TGT 88600-88400. MCX
Observations
Gold trading range for the day is 87505-90395.
Gold gained as uncertainty about growth and geopolitical tensions continued to prompt investors to seek the safe-haven
The potential for further progress on ceasefire talks between Russia and Ukraine is also adding pressure.
The U.S. central bank left its key interest rate unchanged but the Fed is still expected to deliver rate cuts by the end of this year.
Traders are pricing in 66 basis points of easing this year, at least two rate reductions of 25 bps each, with a cut in July fully priced in.
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