2025-06-18 09:54:33 am | Source: Kedia Advisory
SELL GOLD AUG @ 99900 SL 100300 TGT 99400-99000. MCX - Kedia Advisory
GOLD
SELL GOLD AUG @ 99900 SL 100300 TGT 99400-99000. MCX
Observations
Gold trading range for the day is 98495-100175.
Gold gains as escalating tensions in the Middle East boosted demand for safe-haven assets.
US retail sales dropped 0.9% and industrial production contracted 0.2% in May, both worse than expected.
BofA sees a path for gold to rally to $4,000/oz over the next 12 months.
Investors now turn their attention to the Federal Reserve’s policy decision on Wednesday.
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