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2024-04-05 10:20:36 am | Source: Kedia Advisory
Sell Gold Jun @ 69800 SL 70100 TGT 69400-69200. MCX - Kedia Advisory

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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