2026-04-20 12:24:54 pm | Source: Kedia Advisory
Sell Gold JUN @ 155500 SL 156500 TGT 153200-152200. MCX - Kedia Advisory
Gold
SELL GOLD JUN @ 155500 SL 156500 TGT 153200-152200. MCX
Observations
Gold trading range for the day is 151265-157175.
Gold jumped as Iran reopened the Strait of Hormuz, easing global inflation fears
Support also seen amid expectations that a more lasting US–Iran agreement could reduce inflation risks, limit central bank tightening.
US President Trump stated that the US naval blockade “will remain in full force” until a comprehensive agreement is reached.
Gold demand in India was modest, as high domestic prices weighed on retail purchases, while premiums in China held steady.
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