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2026-06-02 11:34:39 am | Source: Kedia Advisory
Sell Gold Aug @ 160500 SL 161500 TGT 159000-158000. MCX - Kedia Advisory
Sell Gold Aug @ 160500 SL 161500 TGT 159000-158000. MCX - Kedia Advisory

Gold

SELL GOLD AUG @ 160500 SL 161500 TGT 159000-158000. MCX

Observations

Gold trading range for the day is 157405-161115.

Gold inched lower, pressured by a stronger dollar and rising oil prices.

Iranian state media said Tehran has suspended mediator-led negotiations and document exchanges with the United States.

Gold speculators raised net long positions by 2,544 contracts to 96,931 in the week to May 26. – CFTC

Gold demand in India remained subdued, while premiums in China narrowed amid cautious sentiment.

 

 

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