2026-05-15 11:49:45 am | Source: Kedia Advisory
Sell Gold JUN @ 162800 SL 163800 TGT 161200-160200. MCX - Kedia Advisory
GOLD
SELL GOLD JUN @ 162800 SL 163800 TGT 161200-160200. MCX
Observations
Gold trading range for the day is 159990-164050.
Gold dropped as investors focused on the meeting between US President Donald Trump and Chinese President Xi Jinping.
Trump stated that Xi had agreed to assist with Iran "with whatever" he needs, while Xi noted progress in trade talks.
U.S. producer prices posted their biggest increase in four years in April, the latest sign of accelerating inflation.
Traders have largely priced out U.S. interest rate cuts this year, with markets anticipating a 29% chance of a hike by December
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