Sell Gold JUN @ 150800 SL 152200 TGT 149200-148000. MCX - Kedia Advisory
Gold

SELL GOLD JUN @ 150800 SL 152200 TGT 149200-148000. MCX
Observations
Gold trading range for the day is 146800-152980.
Gold ticked up as dollar eased and as markets assessed the impact on oil prices and inflation expectations of a ceasefire proposal.
President Trump threatened to rain "hell" on Tehran if it did not reopen the Strait of Hormuz by Tuesday, a critical route for global oil shipments.
COMEX gold speculators increased net long positions by 1,098 contracts to 93,872 in week to March 31.
Gold traded at a premium in India for the first time in two months, while premiums in China ticked down slightly
