2026-05-22 11:22:57 am | Source: Kedia Advisory
SELL GOLD JUN @ 160500 SL 161500 TGT 159500-158500. MCX
Gold
SELL GOLD JUN @ 160500 SL 161500 TGT 159500-158500. MCX
Observations
Gold trading range for the day is 157930-160830
Gold fell as hopes for a US-Iran peace deal faded.
Iran’s Supreme Leader Ayatollah Mojtaba Khamenei issued a direct
Fed’s meeting minutes showed that most officials believe a rate increase this year could still be warranted if inflation remains above the Fed’s 2% target.
Central bank demand for gold has been stronger than previously estimated and is likely to pick up again into 2026, Goldman Sachs said
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