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2026-04-07 12:02:35 pm | Source: Kedia Advisory
Sell Gold JUN @ 150800 SL 152200 TGT 149200-148000. MCX - Kedia Advisory
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

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