03-05-2024 09:20 AM | Source: Kedia Advisory
Sell Gold JUN @ 70900 SL 71150 TGT 70600-70400. MCX - Kedia Advisory

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GOLD

Observation

Gold trading range for the day is 69790-71750.

Gold settled flat as investors continued to assess the Federal Reserve’s policy decision.

Fed maintained its interest rates at current levels, as widely expected Fed Chair Jerome Powell noting that it was unlikely that the central bank’s next move would be a rate hike.

Geopolitical tensions in the Middle East have eased, reducing gold's safe-haven appeal

SELL GOLD JUN @ 70900 SL 71150 TGT 70600-70400. MCX

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