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2026-06-09 11:04:25 am | Source: Kedia Advisory
SELL GOLD AUG @ 155800 SL 156000 TGT 154000-153000. MCX - Kedia Advisory
SELL GOLD AUG @ 155800 SL 156000 TGT 154000-153000. MCX - Kedia Advisory

Gold

SELL GOLD AUG @ 155800 SL 156000 TGT 154000-153000. MCX

Observations

Gold trading range for the day is 151670-156870.

Gold fell as a stronger-than-expected U.S. jobs report raised bets for interest rate hikes.

China's central bank increased its gold reserves for a 19th month in May

Gold demand was subdued in India as buyers stayed on the sidelines while premiums in China eased slightly.

Gold speculators raised net long positions by 14,409 contracts to 111,341 in the week to June 2.

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