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05-04-2024 10:20 AM | Source: Kedia Advisory
Sell Gold Jun @ 69800 SL 70100 TGT 69400-69200. MCX - Kedia Advisory
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Gold
Observations
Gold trading range for the day is 69255-70135.
Gold dropped as caution dominated markets ahead of the key US jobs report
Several Fed policymakers stated that interest rate cuts were likely to occur this year
US Weekly jobless claims have risen to their highest level since early February
Initial claims for state unemployment benefits increased by 9,000 to a seasonally adjusted 221,000.
SELL GOLD JUN @ 69800 SL 70100 TGT 69400-69200. MCX
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