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30-05-2024 09:19 AM | Source: Kedia Advisory
Sell Gold JUN @ 72350 SL 72600 TGT 72000-71800. MCX - Kedia Advisory
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GOLD
Observations
Gold trading range for the day is 71675-72695.
Gold dropped as markets continued to assess the monetary policy outlook for major central.
Fed members voiced that the funds rate will only be cut after multiple months of lower inflation.
The US Dollar and bond yields rise as traders pare Fed rate-cut bets for September.
Investor’s shift focus to the US core PCE price index data for fresh guidance on Friday.
SELL GOLD JUN @ 72350 SL 72600 TGT 72000-71800. MCX
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