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2026-04-09 12:16:00 pm | Source: Kedia Advisory
Sell Gold JUN @ 152800 SL 154200 TGT 151200-150000. MCX - Kedia Advisory
Sell Gold JUN @ 152800 SL 154200 TGT 151200-150000. MCX  - Kedia Advisory

Gold

SELL GOLD JUN @ 152800 SL 154200 TGT 151200-150000. MCX

Observations

Gold trading range for the day is 149290-156180.

Gold gains as markets reassessed near-term risks after U.S. President Trump agreed to suspend bombing and attacks on Iran.

Higher inflation due to rising energy prices could complicate rate-cut decisions by central banks.

China continued its gold-buying spree, with the People's Bank of China extending purchases for the 17th consecutive month.

COMEX gold speculators increased net long positions by 1,098 contracts to 93,872 in week to March 31.

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